Current trend: BTC.D has formed a classic triple top at resistance of 60.1%, and is now breaking down below the neckline with a downward plunge - a classic reversal setup pressuring altcoins for a potential rebound 📉.
Will you maintain support? Wavering at 59.4%; confirmation of the size at the breakout may continue if buyers defend, but momentum leans in favor of sellers.
Is the breakout above resistance? Low odds - needs to reclaim 60.5% to invalidate that, otherwise the decline will be deeper 🚀.
What are the risks of decline? High at 58.5% upon confirmation, opening up a shift in altcoin dominance.
Target: a decline of 58% in the short term; maximum recovery of 59.8% if support holds.
Tracking indicators: RSI (45, bearish divergence), rising trading volume in red, and a breakout of the neckline 📊.