Is Bitcoin Stair-Stepping Down Into the “Fear Phase”?

Bitcoin Price Objectives:
1 – $8300
Depending on price action, which I believe won’t be good. The fall should continue and lengthen, creating the “Fear Phase”.
2 – If we zoom below $8300, then a retest of $8200
3 – $5800
4 – $3400 “Fear Phase” bottom
** then as low as $2400 (Despair Phase bottom) where the price should bounce and hopefully create a higher low.

Number 3 and 4 will depend on how price reacts to the red dotted line.
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James Marshall