Bitcoin has yet to hold above bullish supply zone and is expanding in a broadening range. Notice another wick to he bottom of this range would indicate a loss of support in that 8460-8480 area would most likely incur further downside. Given that there have been large wicks down to the downside followed by wicks to the upside I would assume shorts are being filled in that 8700-8800 region and is the point of control.