Short term trade BTC

BTC has broken the medium term upwards trendline forming a descending channel. We should expect that it should continue to reach the bottom of this channel. Co-incidentally this channel will intercept the much longer timeframe upwards trendline that formed was back starting April 2nd. This intersection could prove to be a pivotal point in triggering a trend reversal again so I am short to around $8621, then see what happens. If the next green trendline breaks also then it's going way down...