Bitcoin refusing

Bitcoin - something wrong?

Bitcoin continues to trade well offered post the weekend shock move lower. The negative trend channel since all time highs remains intact. The 50 day has rolled over and is sloping negatively. We are well below the 100 day. Price action is poor. There is a short term support around the 48k level. A break below it and next big level to watch is 42k. Let's see how the upcoming days play out, but is something wrong in bitcoin land? Time for a thread...