1.We broke down 3-months consolidation and 200DMA -> I am assuming bear market till proven wrong.
2.With #1, it means $btc bull market failed to break previous ATH for the 1st time -> I am going to assume the first MACRO-BEAR market!
current plan is to watch the 200DMA retest and quite likely short it. (depending on the tape)
The most ominous sign is the failure of the exponential rally in June/July, and the fact that the price has followed through downwards since.
In classical TA, this is sign of a full-blown bear market. An parabolic rally to new highs always ends a bull run, and price takes a lot of time to recover. However a parabolic failure which doesn't get to the previous high is much worse. I hesitate to call it so, partly because I don't like that idea, and partly because we all can claim BTC is somewhat peculiar compared with other assets.
However, the evidence is plain, and a real price failure is now a significant possibilty.