Bitcoin’s weekly chart is basically a standard head and shoulders bottom pattern. It will be a matter of time before it falls below the neckline. The general direction is dominated by the air force.

The daily level is blocked by Fibonacci 0.5, and the 4-hour level is in an ascending channel. It has not fallen below the channel line yet, but there is no trading volume and the strength is very weak. It will be a matter of time before it falls below, and the daily line is trending. Run below the line

It is recommended to go short on rallies and place a stop loss of $BTC near 28350.