BTC has rejected strongly from the top of the cloud resistance after numerous attempts of closing above. This resulted in a drop to nearly the bottom of the cloud, which needs to hold or else we could see a retest of the lows on a break. Holding this support line is key for a possible run back up to the top, which could, in turn, cause a Senkou Span Cross indicating bullishness.
Keep an eye over the next few hours for the direction of the market.