Bitcoin failed to push through the 4100 – 4200 zone confirming sellers at those prices for the time being. On the 1 hour chart it looks like what might be a failed bump and run with a possible throwback developing.
If this is the case 3900 – 3800 will be tested quickly. I am still looking towards a short on btcusd if these market conditions continue.
A break above 4100 today could develop into some bullish action.