(BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. Selling continues oInvestors reduce risky assets ahead of a more aggressive central bank stance to stem rising inflation.

Peter Brandt, an experienced trader, tweeted recently that (NDX) was showing the same formation it did before. Plunging in 2000.