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BTC/USD Analysis

Let's consider the timeframe of 4 hours. After a strong fall of the price from the new ATH, which began on January 10, the price bounced from the support levels at 30820 and 31630. In the future, I see two scenarios.

The first one is that the head and shoulders trend reversal pattern will complete its formation on the chart. In this case, the price will go below these support levels and we are waiting for a very tangible fall in the price to $20000 level. The second - the buyers will be able to protect the support and the price will move back to the uptrend. In this case a pattern of double bottom from support levels can be formed.

In any case, you should look closely at the market reaction to these two levels. So far I do not observe any activity from the side of buyers, so the first variant is more likely.