It’s likely that large chunks of capital are being intermittently sold to eliminate exposure to fallout from Evergrande’s debt default process.
Just because crypto is a new and immature asset class does not mean technical analysis basics do not apply or can be twisted to fit a narrative.
The Bitcoin Crypto-Coaster Ride - Technical Analysis Part 3 - Cannot make a long-term bullish call until the overhead 23.6% Fibonacci is decisively left in the dust.
The Bitcoin Crypto-Coaster Ride – Technical Analysis Part 2 - Ignore the bottom callers and focus on the chart.
The Bitcoin Crypto-Coaster Ride – Technical Analysis - Bottom callers are multiplying like cockroaches.