Woke up, the sky has fallen 😨 Last night I had a migraine, so I took some medicine and slept until now.
Upon waking up, I noticed that BTC has broken the key level of 95000 in the 4-hour cycle. This establishes the small Wyckoff distribution pattern at the 1-hour level above.
The support below is around 89300 in the 4-hour timeframe, and the major coin had a small support level at 91200 from the previous platform. If it breaks here in the short term, there are concerns about Ethereum catching up and altcoins spiking.
From last night to now, Ethereum has been relatively strong. The altcoins that surged a few days ago are just experiencing a sharper pullback. Those that didn't surge haven't really dropped much.
Overall, we are still washing out leverage; this market is difficult to navigate, better to take a break.
