This looks like a reasonable support for an ascending channel and I wouldn't be surprised if price is manipulated to the downside on more time to give people the impression that it's all over. What the market makers choose to do now is largely dependant on whether there's more positions to liquidate either to the upside or the downside. For now it definitely looks cheaper to liquidate the longs at 28K, at the same time build a enough short positions to liquidate as it shoots for the final wave 5. BTC after the final wave 5 will be a dead horse. It's already trading like gold and will continue to do so well into the future.