Crypto market plunge. $BTC/USD will get lower?

The cryptocurrency market plunged completely, and BTC also dropped by more than 10%.

In terms of fundamentals, the factors behind this decline are thought to be the impact of NY Dow's profit-taking sales and OKex-related news.
BTC was also conscious of profit taking only in the situation where the record high price was imminent.

However, what is important is the technical aspect.
The starting point was the double top formed in the ceiling area, and the point where the $ 18,500 line, the uptrend line, and the short-term and medium-term moving averages overlap.
It is thought that the biggest factor is the breakthrough.

BTC, which broke below, has been on a downward trend at the $ 17,200 line.
It can be said that the most important point is to protect this. If you protect it, you can expect to challenge $ 18,500 again, but if you break below it, you should also consider a plunge to the $ 16,000 line or less.