Last night's rebound was mainly driven by short covering, without much spot buying. This wave will clear out the leveraged long positions that started calling for bottom-fishing around 80,000. There are many macroeconomic events at the end of the month, and the midterm elections are at the beginning of next month. The bottoming process will likely take one or two weeks. I'll wait until the next trend starts before making a move; I don't want to do short-term trading. BTC