If BTC breaks out on the lower bound of the flag/channel then a drop towards 5530 will be the first support as the upper bounds of a previous trend. A break of 5530 means a drop towards the 5400 support level which is also the 0.382 Fib level is likely. If a drop to 5400 area occurs and the sell volume is beginning to dry up by this second drop, then a bounce towards the 0.236 Fib should happen.