It's not unlikely that BTC is travelling within a downtrending channel (red dotted lines) since the blowoff top, but also currently within a falling wedge, which is bullish in the short term.
Possible price action: A quick drop to the bottom of the wedge, coinciding with the 50% retracement at around 8.5k, followed by a bullish rally to the upper end of the downtrending channel (around 11.8k).