Hello, dear TradingView members .
This idea is a Bitcoin analysis.

As we can see, Bitcoin has been in a descending channel ever since it got rejected by the resistance around the $68000 price area.
It attempted a breakout in March, and since then, it was moving above the channel until May, when the confirmation happened, and the price got bounced back up on the upper band of the channel.
Now technically, it means that the price would go back up and form a bullish pattern .
However, if we look at the other factors, the gap has not yet been filled, and the buy volumes are not strong enough to form an ascending channel .

The Bollinger Bands are squeezing, and whenever this happens, the price usually pumps or dumps with sudden moves.

The Speedometer indicator shows Neutral volumes on the market for Bitcoin on a 1D interval.

Now that the price has broken the downtrend channel on the chart, the upper band works as support.

If we look for static support and resistance levels with a fixed price, then the solid fixed support is $26700, and the solid static resistance is $37444.
Also, watch out for the $31771 area; this level can push down the price in the coming days.

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.