Bitcoin broke structure at 28k level of support during its downtrend in July 2022 and tested the 16k level November 2022. It then went to test the 45k level of resistance December 2023. The January 2024 monthly candle clearly formed a spinning top and ended below the 45k level of resistance. This to me is a strong sell signal and can test 38k level of support of even test lower lows of untested 11k level from the previous bull run if the 38k level of support breaks.