If we were truly in a bullish momentum the market would have bounced this back already imo. Once again, there was no volume in the first place to defend this.
I think we are yet to see more exits over the board now after the SEC news, to much uncertainty and risk for insto investors imo.
Once again... a new, simple, large red volume candle indicating the possibility of a new trend/reversal. If volume continues at these levels/increases towards the weekend, we are looking pretty bearish.
Trade as you see it (: