FX:GBPUSD going short today as doubts are being cast on the Sterling. Also, a lot of eyes on the FOMC minutes later today sees dollar slowly strengthening.
Following the FOMC and Fed rate event we see BTC breaking out of the bearish flag to the downside.
Bitcoin in a down trend just broke out of a short bull move to the downside. This happens to coincide with the ongoing Coinbase and Binance scandals putting cryptos in perpetual bearish sentiment
Break of trendline in overall longterm downtrend. If you check the fib retracement tool it rejects off of the 61.8 level and also rejects off of the higher timeframe trendline
Price of the market experiences a rejection between the 50%-60% fibonacci lines.