The reciprocal AB=CD pattern on BTC is the determinant now. If BTC fails to hold the 32k-29k level, we could see a leg down to 17k. For now, BTC is still strongly Bullish.
Over few hours cake has been down and tested the 16.579 support breaking the trendline channel. The reaction at that horizontal support reveals that the trendline breakout was a fake one. If we get a close above 16.579 horizontal level, we should expect a bullish move upto 18.596 resistance level.