BTC bounced off the first. A good sign. It means BTC is still trading in its current channel.
- the reset has already happened and BTC will recover over the coming days and continue in its current channel.
- If we go below current support BTC will move down to the next .
The reason this is actually healthy is simple. Charts go up and down. The longer you go without a dump, the bigger the dump is when it happens. It's good to shake out the weak hands every once in a while. It allows the overbought metrics to reset and moves up can be made with support.