Don't worry DrBitcoin, it your prophesy will come true, and then some. Long term support levels were just broken pretty hard, and with big volume that is too. The slaughter will not end here, i can tell you that.
Technically the bears are back in control.
Add to that the sell-off that is coming from the Craig-Kleiman case. We're set for a 3-4k range by the end of September.