$BTC can find support on the 50 SMA on a daily chart

BTC is currently trending down within the pink channel. It could bounce off the pink line representing the bottom of the channel, or go a little lower to touch the 50 SMA.
Currently the ALTs are also suffering and bleeding, but not at an alarming rate like when major bad news occur.
Is probably ok to remain in the market at this stage, as this might be a simple correction to the uptrend we seen in the past few days.