Bitcoin has a strong downward momentum as predicted last week when the Fed raised interest rates by 0.75% causing the market to lose the $20K barrier and drop to $17.6K before having a slight recovery at the weekend to around this $20K resistance area. It is very difficult to find the bottom at the moment when inflation is still very high while the US will continue to tighten monetary policies in the near future. If the price has steps to correct around the $23K area, it will only be a short-term correction as the surrounding contexts support for the price increase is not there at the moment. Structure and trend remain bearish.