The dead cat bounce was retraced last week along with all other markets and hit the trend line nicely. If we break the support zone highlighted (which is a major leve) the next stop is around the $16,000 area (which isn't a strong level at all) and then $11,000. We haven't cleared any trend line and have respected the 50 EMA for over 5 months now.
For investors, this is fantastic news. For traders and who are shorting, this is fantastic news.
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Entry: 19936.70 Take Profit: 19152.50 Stop Loss: 21168.50