Only have the BTC which has performed since yesterday but ETH and the alts have not done much, I can conclude that the down trend will continue after we have trapped the shorts on the BTC, but I have a doubt on the level of 18.5K as support which held several times, the DXY in parabolic rise and the S&P500 which has already took liquidity bellow of the last Bottom in June!!!
Now we have less shorts to liquidate in the north close to the price, but in the south we have longs with big leverage, a reason to go below 17.6K!
I opened 2 shorts, on BTC to look for the Bottom at 17.6K, and ETH because BTC starting to perform better despite the drop, so I think ETH is likely to drop a lot more.
ETH is in a bearish channel after breaking the bullish channel from below, I am targeting $1000 as the next support, but to see if we will go bellow the first support at $1245
https://www.tradingview.com/x/iupeDJUh/
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