Looks like momentum is slowing down based on lower highs on RSI (4 hours) and backtesting previous patterns on the 4h chart.
I'd expect choppy action to continue for while (further relief for ALTS), followed by a sharp 20% selloff as soon as price converges with the 200 EMA.
2 levels I'm looking at are €11500 and €10600.
(Not financial advice. Just some ideas. :)
Just for personal reference
As long as we don't break the first down target at 10.987 we remain bull
As soon as we break down target 1 but don't break down target 2 at 10.477 we are in doubt
As soon as we break down targets 1 and 2 we turn bear
Down 1 at 10.987
Down 2 at 10.477
Up 1 at 11.763
Up 2 at 12.952
Up 3 at 16.324
Strong support from the close of the 21-weekly candle, we now have a straight run to €12k to confirm resistance of the bearish rising wedge.
To confirm this is a short term move expected over the coming weeks. A bearish outlook continues to look likely beyond October when the stock market correction gets underway.