I have read and studied every book on trading in the known universe back in 1998. I have worked on trading floors for private capital. when you really start to understand trading you will realize that shapes, lines, elliott waves (especially elliott waves) measured moves, and all the other so called trading tools are essentially arbitrary. even the algorithm trading is arbitrary. all tools for predicting the market will fail at some point.
back in December when bitcoin first crossed $12,000 I suggested (and charted) that BTC was getting tired and would have to revisit $5000 range, and it did just that. of course the current trend can break either way. in my opinion, if we are truly going in for a deep correction then the target is $1,200 BTC not $7k or $6k. I am leaning more towards the continuation of the long term up trend before that happens as it has not shown to be broken on a weekly timeline. I can see the possible scenario where bitcoin goes to $40,000 on a weakening stochastic divergence and spends the next 6 months correcting down to $1,200.
the low volume is an indicator of an upcoming trend change... could go either way. the apex here is likely a good place to look for a breakout in either direction.
I am a strong believer in Cryto and I'm holding coins so don't get me wrong. But you have to face a reality that we are in a bear market. Anyone advocating a long right now is not facing reality. We're going to 7.7k or more likely 6k again.