We are still in an upward sloping channel see lines that are arrowed.
The new is a red down , not because its turned but to watch for bounces off the red Upper Parallel line, arrow in green, bounces off that line would be . a break down of red UP support would open horizontal support 109 and 65 targets The red ML and LP also provide some support/targets.
We do not know yet which is in charge so am Neutral and out of the market. Having closed longs on the news.
What is not good for the bulls is that the action is still bellow the older Blue Fork's Lower Parallel arrowed in red. That is providing resistance. Until support on it is regained BTCUSD is in risk of expanding its range within the blue and red lines that are arrowed. expanding prices higher highs lower lows, or it makes a formation, eitherway it sets up for a megaphone like pattern or a and a big move.
The break will show the new trend/direction. .