BTC Bulls Burden of Proof

The amount we have pulled back from the initial bounce forming the daily higher low is a bit of a red flag for bulls.
We are seeing a lack of follow through and no confirmed 4 hour trend change on many names.
If we do not see a solid bullish Friday and weekend, we will be looking back to the recent lows of support, followed by the low of consolidation support.
I personally am tightening up and will be back to all cash if we continue to see fading and bear control today.
Lots of focus on everyone looking for Alt season.
I think this is absolutely a good idea as alt coins will likely bounce and gain on BTC,
but as I shared in a recent tweet I do not think it will be a sector wide thing, and I do not think we will ever see 2017 alt mania again, based on experience in other hype markets with stocks.