Any bad news incoming for the #Altcoins market? đžâ ïž
Bearish structure is clean on the Total #Alt Mcap, a developing Head & Shoulders with momentum fading under reclaimed resistances. đ
I expect an 8â12% bearish impulse if the neckline breaks and confirms on daily closes. đ»
#BTC is still trading far above historical S/R, leaving room for mean reversion that could pressure alts further. âżâŹïž
Stay cautious with long positions in the medium term, especially large/medium caps. đ
A market shakeâout here could liquidate billions in overâleveraged longs again. đ„
If you see credible public catalysts that could trigger this move, drop them below (no insider/illegal info). đ
