My bias is on the downside, the next couple of hours are key.... alot of resistance up above but maybe could squeeze a few of those shorts up to 489xx
After the mega dump yesterday Bitcoin is forming a symetrical triangle at the midpoint, if we go up from here we may see a rejection from 49800 and a further correction down to 38-39k. It really needs to back down to gather the necessary strength if we are going to see ATH's again this year.