Technical Analysis: 1. Crypto Total Market Cap Weekly True Strength Indicator still bearish. 2. Repeated failures of technical analysis during this uncertain time are cause by the fundamental factors below.
Fundamental Analysis: 1. Fed Jerome Powell says a 50 basis point hike possible for May; his hawkish disposition today causing flash crash in the market. 2. Other fundamental factors like Russia-Ukraine war, Geopolitical issues, & Inflation are currently affecting the market condition - Causing panic selling.