Head and Shoulders formation on Nasdaq

NDQ and BTCUSD both have a head and shoulders. BTCUSD is correlated with NDQ and big tech stocks currently. I wonder what happens a recession in 2022-2023 or more upside to come? I am personally bearish considering all the macroeconomic factors such as central banks aggressive rate hikes, cost of living all time high, supply chain issues, russia/ukraine tensions, China locking down country, inverted yield curve, consumer confidence index levels historically low etc.