Short idea for documentation und education. No financial advice. This channel looks to weak for a break out to the top and would be a classic example of a consolidation before a drop. Notice how the pole would end near the next support levels.
Fundamentals: If we assume that one or more whales try to sell around 10.000 - if they see that the recovery happening atm is weak as it is they could decide to start selling below 10.000. Which could lead to a chain reaction.