Previously breakout of the 12k$ Horizontal Support will at least lead to the retest of the Lower Boundary of an Ascending Channel, which happened. Locally it should be a bottom as we got the majority of Longs got liquidated during the last 2 days (look chart above).
Technically it's a also a good point to retest, we are at the Support Cluster [11.650$ Horizontal Support + Lower Boundary of an Ascending Channel]. Nevertheless we have two work with a confirmed retracement.
the $10k resistance has been broken once though it is only for a matter of time yet this happens.
I think what we need to understand now is that Defi project is covering the market and most investors are getting inside their project for quick box,we can see how often the prices of defi coins are bouncing up and down meaning this is a quick bucks.