Let's remove as much noise as we can and just focus on Bitcoin's raw market structure. This is what I see: Bitcoin made a flat top formation @ the exhaustion point, had a sharp pullback to the downwards , pulled back to the upwards again then failed to break the exhaustion point. Instead, it created a new low high @40k. Unless Bitcoin can break the counter trend line and retest 40k again. I think it will move sideways and downwards.