It looks like there is hidden bearish divergence happening on the 4-Hour chart (red lines on price combined with red lines on RSI) for BTC. To me, this signals a likely continuation of the bearish trend in the short term (although I am always glad for a different analysis; if so please leave a comment).
If the bearish divergence is the case, it looks like it might indicate another short-term drop but it might be small as it trends upward in the current downward channel (red dashed lines, there is still a bit more to be gained to reach the top of the channel). The red downward channel definitely is looking like it is forming a nice bull flag, but so far no other indicator I can see looks to give that confirmation (although I am open to opinions in the comments here as well).
It should be interesting to see how much of a drop might occur if indeed one were to occur. But if so, I am curious if the channel will accelerate based on the rate of that divergence or if the bullish trend (white line, which is just the top line moved downward) will prevail.