BTC slightly broke the downward channel and bounced back to 7k+. However, it is still high above the green dots trend line, which means we haven't reached the despair phase yet. We will see a temporary retrace to as high as 9k5 (most optimistic target) and then start another inevitable fall. There are crazy amounts of resistance above 9k and I think BTC won't stay there for long, if it ever goes there.