But heres my analysis.
We are currently in a bear trend. The oscillations are getting smaller, we are either breaking upwards or downwards.
I don't believe we have the momentum to break upwards. Also the bad news from China isn't helping with the upwards momentum.
If you bought at a high price and are getting nervous, just sit tight and prepare to hold for awhile. Selling at a loss in bitcoin is not profitable. (Pro-tip)
However, in the meantime, prepare for some drops.
I believe we will break through one suport and hit around 3315.
Buy for bounce and sell at around 3455.
This is just my guess so far.