Coinbase had an epic reversal in todays session: a Bearish Engulfing Daily Reversal to be exact. Just like Bitcoin had a multiday rally Coinbase has had a great multi day rally.
Hitting the next support will be telling for Crypto. If we lose key support on Coinbase - Bitcoin Liquidity will likely be strained.
Coinbase needs to recapture the red trendline for any meaningful move to continue...unlikely.