As can be seen from the current price movement, BTC on daily TF has broken out of the parallel channel with an impulsive bear move.
Therefore a retest of the trend line is highly likely to occur and if a rejection follows at the retest as indicated by arrows, the next leg of this bearish move is expected to drive the price all the way down to 33000 area.
Therefore a retest of the trend line is highly likely to occur and if a rejection follows at the retest as indicated by arrows, the next leg of this bearish move is expected to drive the price all the way down to 33000 area.