Many people had been wrong-footed about the general direction BTC was going as per Chinese New Year. The rebound had started a few days before the CNY period. It is now near a major resistance level and should pause. But if it breaks clean through, things will get hot again.

I’m trading on the premise that it will be like last September to November - of traders selling most alts just to have more BTC in their portfolio. Let’s see how the market goes in the next few days.