Bears are in control right know. Currently, BTC rests at the neckline of our H&S pattern(10900euros) which is 0.236 fibonaccis retracement level from our ATH. I am expecting a further retracement to 9200(next fib retracement level) which is our next support. If it breaks that support it's highly likely to see it at 8000. This will be invalidated if bulls manage to breakout of the downtrend formed channel. In that case we are likely to witness a volatile range-bound trading action(marked in purple on my chart).