$BTC $ETH Yesterday’s market move was very dramatic. In the morning, there was first a rebound; Bitcoin then formed a double-top pattern. By midday, volume expanded and a pullback was launched, which directly gave back all of the prior rally. This is a typical pattern of hitting the peak and then hitting the next peak. In the evening, the US stock market continued to expand its down move, pushing prices lower further; Bitcoin’s low went to 76.4k, and Ethereum’s low touched around 2263!



As yesterday’s US stock market kept falling, it broke the upward trend line that had been rising all along, opening up room to the downside. Therefore, it is certain that a big retracement will unfold in the following market. Also, since the two bursts of volume yesterday show that the energy of the “peak” is already greater than the energy of the “trough,” going forward, wait for a rebound to test the peak!
BTC-1.78%
ETH-1.87%
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