Nonsense, did you just associate that news with the trendline you made? I don't think that's how to analyze the market, you should use existing indicators. Instead of installing such a trendline, if you only install such a trendline, there is a high chance of misplacement.
In the end, the price you mentioned will be an expectation that never happens. Manual trendlines are not effective to be used as a price reference, you have to use the automatic indicator first and then use the trendline.
In fact, what I see is no momentum indicator on your chart, which is currently below 50% which indicates a bearish is underway. Then you say the price is going to go towards $90,000, I guess that's just your expectation.
He might have a unique style of trading. Not all traders have a similar way to analyze the market. There are people that rely much on price action by drawing a trend line like he did, and there are also traders that rely much on indicators. There is no right or wrong here since we are just speculating on the possible next outcome of the price.
If you're a price action trader just like him, then he is going to stay using it instead of using the indicator like a moving average or EMA to determine the trend.
Since you mention the indicator, I believe you analyze the chart with your own with EMA 200. This is where the price actually rejected recently, which makes you sure that this is bearish.
Well, in the long-term view, yes, this is bearish. With the help of momentum indicators like RSI, then it will confirm your doubt that the market is bearish.
That guy is actually looking only for a short-term view, but his prediction can also be possible. Here's my view based on his analysis:
A 4-hour time frame has a different view.
Using the Fibonacci tool, the price is approaching the golden zone area between 50% and 61.8%; this is usually a normal retracement for the uptrend. I'm using an indicator to get less noise to determine the price action that shows LL, LH, HL, and HH (L means "low" and H means "high"). Using this, it shows that we are bullish on currently filling up the retracement levels.
I made a drawing with the blue pen. Sorry for the ugly drawing; I just want to illustrate what he wants to show us that I think it could be possible. The only problem is on the RSI it shows differently; we still have a strong bearish (draw with RED), which invalidates his perspective. Look at the RSI (blue line); it shows a sharp down, while the MFI (red line) is a sign that there's been heavy and aggressive selling recently.
The whole green between 74k and 76k is supposed to be a support zone but was later broken. The only thing right now to validate his prediction is if the RSI creates a divergence or if there's upcoming news that can help shift the market to bullish.
This is a 4-hour view that shows an uptrend, but in the daily time frame we are bearish, and in the 1-hour time frame we are also bearish, and if we go using the technical meters, we are still bearish.
Honestly, price action is fine, but that guy needs to check the multiple time frames first at least to validate his prediction. Well, we can't blame them since all traders have different styles of analysis; this guy might have a different way that we can't see.
