The total market cap is currently retesting above the neckline of the Adam & Eve pattern after a successful breakout. MA 200 is determining a bullish trend.
BTC is retesting above the ascending triangle support. A successful retest would bring bullish momentum back into the market.
In case of a failed retest, it might grab further liquidity below the horizontal support and bounce from the trendline support of the ascending triangle
The pump of the usdt.d from the rectangle channel support is what caused the BTC dump. It is currently trading above the channel's midpoint. The short-term direction would be verified by a strong volume breakout or breakdown of the channel.