BTC Bulls are preparing to retest the 28k level, currently positioned on the Channel Midline. This minor support provides the necessary capital for buyers to challenge the sellers at the 28k range. However, the bulls may face a setback as the sellers have set a trap within the 28200 to 28600 range, with the rejection area expected around 28250. This suggests that the bulls will likely remain below the sellers' line, within the MT Pandora's box. This situation indicates a potential bearish outcome, with the bears having the potential to push the bulls down to the 24800 support range. In a worst-case scenario, if the bears become more aggressive, a further drop to 23900 is also possible.
