Crypto basket took that dive.

Bitcoin being held at the 85xx place mentioned along with 200ema day. As mentioned 8035 is normally minimal. With that lower quarter the lows still have merit to be broken.

Added with the institutions accumulating short positions, at least before last Tuesday. Some institutions may have been lost in the closes above the 200ema. I would imagine if the week closed the day above the 200ema more would run or slow selling..
The opposite is probably true if the week closed below. I could imagine more selling then. So far, the "sell" is one is trending this year.