$BTC and the US Market continue to mirror each other and both are below their 50 Day MA right now after a rejection below this level on Friday.
A lower low has also been made here too, so the bears are in control right now.
It is also a long way down to the 200 Day MA at the 0.38 Fib right now at $72.7k which is the typical level to find Wave A completing of an ABC correction.
Right now I believe the market is guiding crypto, as there was very little momentum change over the weekend while the US market was closed.
Both classes must regain the 50 Day MA next or the 200 Day MA becomes the next target
Big week for the bulls is needed, leading into CPI and earnings season heating up