Do not rule out another run down in Bitcoin today

Following on from an earlier update here, noting the rebound back above 50k in Bitcoin, that appears to be running out of steam. The rebound took the price back above 51k earlier this morning, but now it is slipping back below 50k again. So given the moves seen in the twilight hours today, ruling out another even deeper fall might be unwise under the current circumstances and conditions. Personally speaking the view here is one of avoidance right now, and unless something significant happens to detract from that view, then it will remain in place. Bitcoin is just now hovering above 50k but the price action is not solid by any means