MarketWatch’s Distributed Ledger spoke to Katie Stockton, founder of technical analysis firm Fairfield Strategies, about the crash in crypto over the past weekend. The declines took bitcoin BTCUSD to around $42,000 and EtherETHUSD on the Ethereum blockchain to around $3,500 before those digital assets bounced back.

Although Fairlead is fairly bullish long term, over the next six months or so, on the crypto sector, including bitcoin and Ether, Stockton said that some considerable damage had been done to the uptrend in the short to intermediate-term, based on her analysis.

A short-term breakdown in trend was confirmed on Sunday, when bitcoin failed to return to its recent support at $53,000 based on the September high and now that it is hanging well below that level—it was trading at $47,702 on CoinDesk, down 5.6%—another support level of $44,000 needs to be the next point to monitor, with the $37,000 serving as secondary technical support area.

“We feel that risk is heightened near term and even over the next two months or so,” Stockton said.

The popular analyst who uses chart models and gauges of momentum to forecast moves in assets from stocks to crypto said that she feels that the support level for bitcoin at $44,000 will likely be breached and the secondary support level, which defines the recent uptrend in bitcoin, will be a pivotal area for investors to watch in recent trade.

So is there cause to worry about another flash crash? Stockton says that it’s impossible to know for sure but believes that much of the tumble that took place in the wee hours of last Saturday are likely flushed out of the system since it was underpinned by unwinding in derivatives.

Certainly the bulls are hoping that is the case.