The Crypto market sees some decline, which can be an indication that resistance is in place, but we don't see a significant or five-wave drop from the highs yet, so we have to be aware of another intraday jump before the market finds the top. Just please have in mind that a strong reversal down may occur anytime soon, either from current levels or from slightly higher levels.
Tesla, MicroStrategy, and Galaxy Digital Holdings fall sharply down as the stock market is falling strongly after reaching the potential temporary top, which means that Bitcoin and friends may follow soon. As you can see, MicroStrategy is in tight positive correlation with Bitcoin and now that is turning sharply down after only three waves of recovery, we really have to be aware of a reversal down on Bitcoin as well.
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