Looking like option 2! 

Nice spike thru the lows with a long wick. 

Would love a daily close above $33k on  . 

Not calling bottom but perhaps some relief?

Move happened in the middle of the night for me so I'll wait to see how the daily closes before I jump in. https://t.co/2zJrNRI7pZ https://t.co/G30xGeKUu4