After a solid run higher over recent weeks, BTC and ETH has continued the pullback that started towards the middle of last week.
At the time of writing BTC (white) was down 2% on the session, with ETH (red) down just over 3%.
On the higher timeframes, BTC is currently trading below its 50DMA. Next major support lines up at 112K, which is the low from 2 August and the high from 22 May.
Some profit-taking at some stage was to be expected, but it will be painful for late buyers who tried to chase all-time highs.
