Believe it or not, BTC made a fadeout move to the downside and was still able to pump back into its bear flag formation without a 4H confirmation close below. This means we could be more in a descending triangle (right chart) rather than a bear flag (left chart). Honestly, once the support (green box) of the descending triangle is broken, it would theoretically act as a trap door for a major move down. Both these patterns are bearish , but if the market movers really wanted to surprise people, then we could break above the resistance trend line and still make the move to $34,000-36,000. My bias is still with the trend to the downside, but after seeing the buying pressure from that wick I am cautious shorting here.