Overnight, as Bitcoin rebounded to 58,000, all the altcoins started to rebound from oversold levels.
If the weekly line can close above 58,000, there is a high probability that the adjustment since 72,000 will end.
Bitcoin's daily line has never broken, and it was a false move. The operation to clean up the long leverage was very successful. The long army has suffered heavy losses in the 7.5 pin drop.
It has gone out of a relatively standard adjustment, returned to the weekly support of 2850 and then started to rebound. Despite the support of ETFs, the crypto market has always been dominated by Bitcoin at important junctures.
Ethereum is enough to add icing on the cake.
