FET showed some real strength after the BTC dip and my previous chart looked like strong move to the upside was inevitable. But buyers had to eat through some big sell walls and couldn't break past 70c. Now the price has retreated and there's a lot less strength in FET and it feels at the mercy of BTC much more so than other alts at the moment. A bearish head and shoulders pattern that looks just like a smaller version of the larger pattern that played out has also formed. There is another large sell wall that has been placed at 63c and I just don't see the strength in buying to push through it at the moment. If BTC keeps struggling against that 58k resistance, I wouldn't be surprised to see some downside to the low 50's for FET. This could encourage buyers back and see a fresh surge, but we'll have to see how it plays out.