The reason we see a huge rejection technically because the bitcoin price was still in bearish divergence with a hidden bull inside looking at the Macd Daily timeframe … its like the bear have to release some pressure of the bull lol.. the price tested the 200ma and pushed back immediately… the price was in consolidation for few days in 4hr timeframe meaning it was at the point where price was overbought and losing buying momentum. The price is immediately entering back inside it pervious bearish channel . If the price don’t pull back and continues we can expect more bearish divergence. On the other hand the DXY took a strong bullish move and it can continue to go up with bullish divergence … We will most likely see bitcoin retrace to 25k to it pervious low if price continue falling.

good luck