Big sell-off as those weak hands looking for an immediate blow-off top are forced to capitulate. Lots of nonsense like an important announcement from US today, had market off-balance. Plenty of Eth selling as well.
I have toned the inverse head and shoulders down for now. A great downside target would be 102k where trend support meets 200 day moving average. If you’re short now and can go long at 102k that would give you a nice buffer to sit back and wait for the cycle top.
If we don’t go down that far, 108.3k as a low would have a good symmetry for a W shaped bottom.