At five this afternoon, the take was bearish and to wait and see—only getting back above 7.61w would mean it had recovered. At 9:20 tonight, it pushed up to 7.607w, just a little over fifty bucks shy of that level. It didn't make it, and turned back down.

Just now, at 12:55 a.m., it suddenly plunged two hundred bucks, dropping from 7.59w to 7.57w. It's at 7.572w now.

So Senior Brother's view hasn't changed: still bearish and waiting on the sidelines. This is the second time in two days it's pushed up near 7.61w and been knocked back. The first time it at least touched the level; this time it didn't even get there, which shows sellers are waiting right around that mark.

The weekly candle closes in seven hours. At this price, there's basically no escaping a weekly bearish candle with a long upper wick.

The U.S. stock market opens at 10:30 tonight—that's the first thing in days that could give us a sense of direction. CPI is out tomorrow night, too. Until then, just watch two levels: if 7.546w breaks, it'll look for a new low; getting above 7.61w is what it would take to recover.

Do you think the U.S. market open will rescue it or crush it? #BTC $BTC