Everyone is watching the bear flag forming (red lines) calling out 37k as the floor, but zooming out looking at the green lines I think we could easily see a fall to 35k which is a move that will mess with A LOT of traders. Like once we break the false floor of 37k people madly go bearish and open shorts, close long positions at a loss, etc. because many will see 28k on the table as the new target when 35k is likely the actual bottom.
Just my thoughts