The Big Short? Triple diagonal confluence sell signal at 4408

I've been a bit obsessed with diagonals lately, and noticed this lining up to a rejection of BTCUSD at 4408. This would align to this fake head & shoulders breakout, which would lead to a ton of longs being filled on completion of the H&S , and then immediate liquidation of longs on a selloff.

The only target bottom confluence I'm showing is 1237 with a timeline of April 1. That seems pretty low to me, however I'm not seeing another lower level of confluence on this timeframe on the chart. I wonder if an "extinction level event" (death of Tether) along with USD stock markets tanking would drive the price pretty low (~1700), then panic selling would ensue and cause a massive selloff that would lead to "all hope lost in" BTC and result in a complete capitulation event.

All that said, I'm going to reassess the lower level charts in the future if we connect on the 4408 downturn. But remember, we are still in a major bear-market downtrend and there isn't yet "blood in the streets".