The bounce was nice, but nothing has been confirmed just yet...

Bitcoin bounced nicely off of those $32.9k lows.

It had over a $6k bounce as it was trading over $39k briefly yesterday.

However, nothing on that chart looks exciting to me unless and until we break the downtrend...

This downtrend:

That being said, we may be trying to build a base here to break that line in the not too distant future.

I am a buyer if we get some throwback back to the $35k area or lower.

Or, if we break the $40k area and hold, I would also be a buyer there, which would be a break of the that downtrend line posted above.