This leads me to believe we have seen the local top, and Bitcoin is headed to the low $8,000 range. Short now, or short later. Either way, it's a short.
The green target area is where the most liquidity is, and also where I would expect a significant reaction or a bounce. It's too early to tell if $8,100 would be the bottom, but I think roughly $7,800 is potentially on the cards. Anything under $8,000 will be a steal in the longer term, say 1-2 years.
Lastly, I do not believe we will retest the yearly open ~$7,150 but if we were to (highly unlikely in my view) that would be my call for the "generational bottom" in crypto. I think this next dip will be the FINAL dip before the next massive bull run where we finally break $20,000 and hit peak crypto mania in 2021.