The analysis identifies a bearish trend across multiple markets, including Bitcoin, major stock indices (S&P 500, Dow, NASDAQ, Russell 2000), and global indices (DAX, Hang Seng, Nikkei, ASX). It notes weakness in some crypto markets, including Litecoin, Bitcoin Cash, and Ethereum Classic. It highlights the negative correlation with the VIX and strength in the DXY. Copper is noted to have lost its uptrend, due to President Trump's change in tariff regulation. A key support level for Bitcoin is identified at 117000; failure to hold this level suggests a potential downside target of 114800. The market is generally portrayed as experiencing downward momentum, and being positioned in a downtrend, which needs the indicated levels to change. For now, more downside is predicted.