For approx. 10 weeks ago, Coindesk discussed a double Top Bearish Reversal pattern in Bitcoin (BTC), warning of a sale for $ 75,000 in a move typical of a Bull-Market feature left.

On Monday, the price dropped below this level as escalating merchant tensions cratered financial markets and sent Dow Jones industrial average futures lower with a KIK 900 points. According to technical analysis theory, the BTC sale could run out of steam between $ 70,000 and $ 75K, as mentioned in January.

In addition, the Australian dollar (AUD) offers a raw material currency that is particularly vulnerable to Trump-led global merchant stresses, hope for crypto bulls. The Aud/USD couple has risen to 0.6011 after falling as low as 0.5930 earlier Monday, according to data source trading. The couple was the worst hit on Friday, fell over 4%, a big step for a national currency.

When merchant stresses escalate, currencies of nations involved in tussle react typically quickly due to expected changes in trade balances, financial conditions and interest expectations. AUD is such a currency. As a home currency for commodity exporter Australia, it is seen as a power of attorney for China, one of the country’s largest customers. So the sharp improvement in AUD could be a sign that customs-led sales reach the climax.

That said, bottom fishing in a falling market is similar to catching a falling knife, a risky strategy.