Broke down from a symmetrical triangle with a measured move of 52k, failed retest of the range high, RSI oversold, funding not deeply negative and obv negative, this hints to further continuation down to the range low at 51k and lower taking out long stops. First support is at 53.9k.
Comment:
Reached first target, this is hard to TA because market movers are trying to stop out both bears and bulls. That breakout of the channel was a fakeout and manipulation.
