IF that happens, the FOMO will become intense if bears can't hold $10.2-$12.5K area. Also, bear in mind that EVERY EXCHANGE is working through BACKLOGS of customer applications from people who were ready to buy at MUCH HIGHER PRICES. We've got a POWDER KEG of RISK TO THE UPSIDE. If you don't believe in the value proposition of BTC , then buy all means, don't buy it, but for the love of all things holy (and your trading capital), DO NOT SHORT BTC . You will get SLAUGHTERED. Just my opinion...take it with a grain of salt.
If we lose $8.2K on the WEEKLY close, then all bets are off, but I like the UPSIDE trade here...
Definitely not a great time to short BTC. That time has passed, IMO. For the first time throughout this correction, volume is coming in, and we're finally seeing some legitimate signs of reversal.
Thanks for the analysis brother!