A new hacker attack against Curve means that cryptocurrencies valued at $1.6 billion have been stolen. This once again questions the safety that the different crypto platforms are able to ensure. Every time, a breach in the safety of one of the crypto platforms means that cryptocurrencies come under selling pressure and this time is of course no exception.
The break of support at 88.00 calls for more downside pressure towards strong support at 81.73 from where we expect the double zig-zag correction from the 114.92 high to complete and start a new impulsive rally. For now, the break below support at 88.00 has shifted the bias to the downside again for a test of strong support at 81.73.