BTC Lower High Forming, ARKK Down

BTC is forming a potentially lower high. This is highly speculative, but in line with everything else. ETH is also holding near a major breakout/breakdown level. ARKK is down hard today. None of these are major moves, but in conjunction with SMH and XBI/IBB, this is all as expected when the market rally finally ends. Of course, these are early moves and could reverse in a day, but signals such as bullish percent make me think this could be a more significant turn. Contrarily, the best move here for bears who aren't all in might be a divergent spike up in price as signals such as bullish percent turn lower