Sellers halted the bulls' attempt to cement dominance across higher timeframes, failure triggering a sharp downswing.

Analysis of CoFo Scout Readings

Volatility cycle completed another rotation with an interim amplification. Overnight, bear pressures intensified as buyers visibly engaged counter-measures but unable to stem losses, seeing positions liquidated.

The selloff and subsequent intraday bullish response both failed to relieve the asset of short-term bearish impulses! Overall fragmentation subsiding but buying and selling signals concurrently gaining potency.

Desynchronization persists though Scout captures the intensifying tug-of-war - shorts accruing on higher durations, longs on lower.

For now, sellers retain control. Bulls still marshaling firepower and will likely bid to exploit any accrual of medium-term longs.