The market has failed a quick recovery above the short term VWAP and as I speculated in my previous update XBT/USD fell and made new lows; staying all the time under the first negative deviation line, as I have already said in the past this is bearish behavior. Short tern resistances at $380 and $400, next supports at $360 and $340. The price zone around $340 could be an interesting one for trying to catch a decent price rebound.