When taking a closer look around, it looks like the "biggies" have bounced off good Fib retracement levels - in the case of ETH and LTC, almost to the tick. When you see price action like this, you can bet that professionals are very likely involved. Clearly defined short setups led down into these levels and the bounce that we're seeing is probably profit taking on those short positions. The big question now is if the bounce will gain momentum and attract new longs, or peter out. This is one of those times when we're at a critical juncture for both the shorter term and the intermediate.