We've been in a descending wedge since the June '22 dump. The last time BTC made a shape like this in the May '21 dump it reversed course to make a new ATH. I don't think it's likely to happen this time, being squeezed beneath support and the 20 day moving average. Incoming CPI numbers tomorrow, midterm elections finished today (stragglers being counted tomorrow maybe), and general bearish sentiment point toward new support at 12k$. Although this all is the majority opinion so we know what happens when the masses short.