Bitcoin has formed a long-term channel. Although it is in a downtrend, the channel is not steep so it will be easy to trade as the price oscillates between resistance and support. This would be a good opportunity for a short. Wait for price to retest resistance, RSI to retest resistance, and/or MACD to cross before shorting. First target is 1830. After that breaks, I expect it to hold 1785. I will be watching Bitcoin for new formations and trends.