Is $BTC/USD downtrend continuing? Aim for selling on technical

Today's BTC has dropped further, showing a drop to around $11,350 as the lowest price, but it is supported by the horizontal line and the lower limit line of parallel channels drawn in the same price range, and it is a rebound. However, if the price continues to rise as it is, the horizon, downtrend line, short-term, medium-term, and long-term moving averages (20MA, 50MA, 100MA) are approaching around $11,700, and the rise above this level is still severe.
In this situation, we would like to set a loss cut line around $11,700-800 and aim for a short circuit.
I would like to set the TP around $11,350, which I added today. Since the horizon drawn in this price range is strongly conscious in the immediate vicinity, I would like to be aware of the rebound from the completion of the double bottom.
From a medium-to-long-term perspective, it should be assumed that adjustments will be made on a weekly level, and it will continue to be difficult to read the direction.