Wave Analysis:

Since the massive crash seen late the previous, bitcoin has never made any significant move to the upperside, instead, any slight move to the upperside is met with a stiff opposition to the lowerside. Recently, Bitcoin attempted a break above the upper trendline, but could not close above, we expect this to have marked the end of the corrective wave (iv) to the upperside, that any clear movements to the lowerside is the continuation of the impulsive wave (v) to the lowerside and may break below 4666.02 towards 1787.70.

Trade Recommendations:

Look for a short position now towards 4666.02