As advised yesterday price needed to confirm over 4,380 to push higher but it didn’t. When London came in, price was slammed hard.
The euphoria is over and it’s good for price in the long run. Better a long steady climb than many booms and busts. If you want that, try Bitcoin.
The double support at 4,000 looks like a good place to add to longs. We’re long below 2,000 and for a significant percentage of our portfolio. We won’t be adding any more now.