CRYPTO Dump -- Bitcoin Holding Channel Support For Now

We're seeing a gross market dump today. Bitcoin is at least holding trend support in the channel. We will see if the close will maintain above. For now, it's still a higher low on the daily.

BTC has so far found support at the $6,900 support. If this breaks then we're looking at a test of $6,800 and then lower as we continue pulling back.

Signs now are looking at pullbacks across the board. On the daily, RSI and Stochastic RSI are looking to pull back as bears take over.

At first, there weren't too many signals and red flags here for a bear takeover. This is proof that bears have the capacity in these bear markets to come in and to things like this. I think today's pullback is enough of a drop to reverse this up trend though and still maintain. These drastic moves like this are typically pretty key signals that we are done in the initial direction of travel.