BTCUSDT bearish flag is possibly breaking down and playing out as expected. Would expect a retrace to ~38K before it continues its downward movement. Major support around 30K.
FED move to reduce balance sheet (QT - taking liquidity out of the market) will keep pressure on the risk assets. Cryptos are moving in sync with tech sector/Nasdaq. Expect more downside in cryptos & overall market until QT ends.