We've all realized a long time ago that BTC moves in ranges.
Polite and nice traders call this a head and shoulder pattern, but I see something most of us were drawing on the walls during elementary school (times 2). It's printing a clear message for all of us impatient and greedy apes.
On smaller time-frames, I'll be looking for a double-bottom around here. Was sure 28K should be the last line of defense, not so sure today...