Technical perspective:
The price took out the SSL first and moved upwards to take the EQH above. And now it's approaching a bearish OB and closing a CME gap. We could expect the beginning of another bearish leg down or at least a correction from that resistance zone soon.
Fundamental perspective or narrative for a crash:
Recession and seasonality.
So far we've had several consecutive sharp falls in spring:
Covid crash - March 2020
China FUD crash - April-May 2021
Luna,3AC crash - April-May 2022
And the thing is, we've had pretty significant rallies right before those crashes where everyone got excited and bought right into the bull trap.
The price took out the SSL first and moved upwards to take the EQH above. And now it's approaching a bearish OB and closing a CME gap. We could expect the beginning of another bearish leg down or at least a correction from that resistance zone soon.
Fundamental perspective or narrative for a crash:
Recession and seasonality.
So far we've had several consecutive sharp falls in spring:
Covid crash - March 2020
China FUD crash - April-May 2021
Luna,3AC crash - April-May 2022
And the thing is, we've had pretty significant rallies right before those crashes where everyone got excited and bought right into the bull trap.