$BTC Liquidity is building up on 106k zone. Plus historically speaking August is not known to have mercy on bitcoin hence why some whale use this opportunity to take profit and trapped retailers.
There is still no strong reaction from the bulls and lower low on weekly timeframe. It's not a good sign.
Meanwhile $ETH is slightly outperforming $BTC could be that whale are taking profit on BTC to enter ETH as the most logical explanation.
Still since BTC goes down it would be smarter to just see how far the pull back take us than just enter long position or short position charging in blindly.
High volatility are good time to put on your spot trading bot or just sit back and take a break like me.