According to @CryptoMichNL, a classic liquidity sweep followed weak macro data and sent BTC back into its prior range (source: @CryptoMichNL). He adds that on higher timeframes he expects BTC to drift slightly lower and then consolidate before any upside attempts (source: @CryptoMichNL). He also expects ETH to drop another 10% near term, with altcoins potentially showing 1–2 weeks of momentum afterward (source: @CryptoMichNL). He identifies $121K as the crucial BTC level that must break to confirm strength (source: @CryptoMichNL).