There is a prior double bottom at 28880 if the support holds there (look left) The double bottom lines up with the .618 of the entire impulse wave up which has a bottom of $3858, so I went deep when finding it.
You may see another level than I do. I drew this using the weekly chart.

Price is below it’s moving averages and none of the 4 longer term moving averages look happy today. The shorter term moving averages of the Alligator are pointing down and are out of order. (red, white and blue)

BTCUSD has passed several major support zones and continued down with the market. BTCUSD broke down through the support line of the horizontal trading channel it has been trading in for quite some time.

The 62, 79 and 79% levels of the impulse wave are marked under price. This does not look like a parabolic arc on weekly, but it was a steep climb from bottom to top.
I measured the rectangle then projected that width downward from the old support level which is now resistance. Price can fall less or more than this white line I drew but the line represents a 100% fall from the rectangle .

No recommendation.