According to Odaily Planet Daily, trader CrypNuevo said that the market fell back before the broader market rebounded, focusing on the lows near $90,000 in early December.
CrypNuevo believes the market could retest these lows and says it is hard to imagine a V-shaped rebound. He prefers a W-shaped market, or a full fill of the lower shadow.
CrypNuevo noted that the ideal scenario would be to fully fill the lower shadow, as $90,000 is a strong psychological level.