A breakout of a downward sloping supply line has been broken to the upside on the daily and weekly timeframes. The supply line serves as the over head slope to a falling wedge pattern with lower sloping support that goes all the way back to March.
This is a very large structure so the price action to the upside we require some patience. A retest of 32328 could be in store as that would give us a confirming backtest of the falling wedge patter which we hope will now flip to support. Bullish confluence can be found at 32328 as there is a strong support level. If this level gets broken Bitcoin will most likely retest 30k.
In the meantime, short term support/stop loss for me will be 33312 and 33870. Again, this is on the weekly. This requires patience to wait for each weekly candle close every Sunday before rushing to make any drastic decisions.