Capitulation is occurring as you read this

The idea was for BTC to pick a direction and sure enough, it's chosen down first instead of giving us the ideal short entry.
Alts have been getting hammered as folks capitulate and panic sell everything.
With that being said, there is a bullish div on H4 indicating that someone is accumulating. Unless this breaks, it leads me to believe that we may not get the ideal long entry either (green box).