BTCUSD Monthly Support & Resistance

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Now Bitcoin running in the channel.
As you can see, Bitcoin is retracing from All Time High and currently goes down as a small downtrend.
Here are 2 opportunities,
1.Breaks small downtrend and continue goes up as usual. CONTINUE BULL MARKET
2.Breaks current support trend line which means breaks the channel. BEAR MARKET IS POSSIBLE AT THIS RATE