Is current crypto downward trend only temporary?
Absolutely not. After the $20k ATH bitcoin entered a long term and final downtrend (you need to ignore the recent price spike, because it's aberrant and irrational). Bitcoin will trend to sub $1k prices over the next couple of years because it's been proven by science to be a flawed project. A cool experiment, no doubt, but it didn't work. There will never be another ATH for bitcoin.