Bitcoin retraced to the upside ~22300 over the weekend to liquidate all those high leverage shorters + performing a SL hunt Right now its holding the price for more LONGs to build in order to liquidate them.
depending on traditional markets (SPX) we could get a counter trend rally to the upside (~4000) which btc will follow that gives bears another chance for a good short position.
KEEP in mind the market in general is in denial so any upside move considered a fake move and will follow with a major down side move