Perspective -- all basic indicators point DOWN

I feel it's easy to get lost in what is happening NOW and forget what has happened OVERALL.

Zooming out to a weekly chart and using basic trading indicators, we can see where this is going.

Trading Volume: Low
Double Top: Confirmed
Elliot Pattern: Concluded
SMA50 & SMA100: Same setup as Dec 2021
Stochastic RSI: Turning bearish

First target: 92 - 93k range
Second target: 77 - 78k range
Third target: 33 - 34k range

I suspect a slight uptick at 93k, but not surprised if it breezes past this onto 78k.

Strange that anyone views this as a bulllish movement. This is a clear signal of a bearish market, and if altcoins follow then it'll be a full on crypto winter.