Only have the BTC which has performed since yesterday but ETH and the alts have not done much, I can conclude that the down trend will continue after we have trapped the shorts on the BTC, but I have a doubt on the level of 18.5K as support which held several times, the DXY in parabolic rise and the S&P500 which has already took liquidity bellow of the last Bottom in June!!!

- BTC: https://www.tradingview.com/x/0pTc9hQL/ 

- S&P 500: https://www.tradingview.com/x/hmvzuWKS/ 

- DXY: https://www.tradingview.com/x/HlfBF5hA/ 

Now we have less shorts to liquidate in the north close to the price, but in the south we have longs with big leverage, a reason to go below 17.6K!

I opened 2 shorts, on BTC to look for the Bottom at 17.6K, and ETH because BTC starting to perform better despite the drop, so I think ETH is likely to drop a lot more.

ETH is in a bearish channel after breaking the bullish channel from below, I am targeting $1000 as the next support, but to see if we will go bellow the first support at $1245

https://www.tradingview.com/x/iupeDJUh/ 

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