BTC Still following conflicting trends

Triangle on BTC. Short term uptrend, medium term downtrend (shown on chart in different colors). How do people think this will resolve? I believe it will drop further before returning to bullish trend. I would be happy to be wrong.

Please share your thoughts.

Thank you all!

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Update:

Price broke the ascending channel, but bounced off resistance of the smaller descending channel. It may now use the short term trend line (blue line in chart) as support and bounce back up.

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Comment:

If the price does continue to rise, redraw the channel to fit, if it continues to fall the ascending channel is no longer active. In the case of a true break return your attention to the descending channel values.

Comment:

Charlie lee news caused a panic selloff, but the market is bouncing back. News broke the ascending channel, but the price continues to bounce off (blue) the bullish trend line.