We had been in a downtrend since the high of $779.
And with the Finex "hack" things got even worse.
The last few days we had tested the support line of the bearish triangle we were in 4 times.
And now the 5th attempt, after a pullback, had been successful with a bearish breakthrough.
The market is bearish and traders are acting and reacting accordingly to make profits or minimize losses.That's it.