BTC At support, but in Downtrend.

BTC is in side two separate down channels. Scalping is possible, but risky. Keep an eye on price movement. It may go back to the top of either channel and fail again. If the price breaks that lower support line, we might see big drop. Many large Bitcoin holders, or whales, are bullish at the moment. The TA is pointing down, but there is significant bullish support around $4000. If we break the upward trend line we could fall all the way to the 25-2800 level. My theory is that we will see some bouncing between uptrend and top of the larger downtrend for a few days, or weeks.