Who is buying this up now ?
Maybe some long term investors on spot and day traders going for scalps but as for the general sentiment it is fucked! We will need time to recover , longer than most people may want.
If we managed to get through this purple line on top of us we can see a short lived bounce that will give us the momentum we need to see us crush the floor from under us ( orange line ) from there we can go on to test local lows.