The declines are panic selling, and it seems they will continue.
Profit-taking or something we don't know? 🤔
For now, the regulated market is experiencing a healthy pullback. As long as the sp500 doesn't have a breakout that breaks the bullish structure, we're doing well. I lean towards the hypothesis of "profit-taking" precipitated by the hack to #Bybit .
We need to monitor the behavior of the regulated market. That will give us the true guideline on whether there is a collapse-crash or not.
Btc remains weak. The rebounds are meager. Testing of 77000 is likely, something I previously considered completely improbable before the hack.
