Bitcoin retraced multiples times to the 0.5 and 0.618 Fibonacci levels during both the bull market and last bear run. Breaking the channel would a sell off and an opportunity to buy in the $6,000-$5,500 range.
TRX has been following the yellow trend line and is retesting the bottom. If it breaks down, then look for price to go to to the lower high volume nodes and weekly support. If price breaks upward with volume, we can see a quick run up since there are many low volume nodes and new price discovery there.