BTC mid-term bearish perspective

BTC is now back below the descending trendline from the ATH, was just rejected off the median from this current uptrend AND the 200MA, reversal in a golden pocket, bearish divergences starting to show up on higher timeframes, regulation and lawsuits incoming, Dow Jones about to fill a gap tomorrow morning, Delta variant fears abound.

Algo target is 23.5k, but I'd speculate that another drop below 30k could set off a larger cascade of fear and panic.

Not financial advice.