(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 has been ongoing.Investors will reduce their risky assets by April 22 in anticipation of aggressive central banks’ actions to limit inflation.

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