I believe we are forming a downwards channel which will lead into a big bull flag with the target bottom being around the 0.618 fib of the entire run this year which will also be at the bottom of the channel. Also, we’re temporarily on a descending triangle with the break down target being at around the launch of Bakkt which is major bearish in my opinion. A higher high or break of the triangle/ channel will turn my bullish once again.
For now I’m short term bearish but long term bullish