Total near channel resistance
The last two times the index was rejected by the channel resistance cryptos fell dramatically. We can see a bearish divergence on the daily forming and the MACD pointing downward with red histogram. However, the index has gotten support from the 4H 200ema, each time that happens, price pump dramatically except on two occasions in the recent bear run after ATH. The last time the index lost the 4H 200ema cryptos capitulated.
