I honestly think the next bitcoin:native drop will bring us a solid ALTS dead cat bounce ( 40 - 60% ) . We need a capitulation candle on BTC for this to happen.
The overall context isn't bearish simply because prices dropped; it's bearish because, during the recent pump to 65k, sentiment was overwhelmingly bullish accompanied by massive positive delta.
I am 99% sure that Iran will not agree to give up its nuclear program and that the cease-fire document signed at the G7 is a big bullshit. USA is already bankrupt !!