Buying pressure is strong, most of the selling pressure is synthetic. I think maybe all the people going long right now get bull trapped on the 4th wave, and then we get our capitulation pushing price into the institutional limit orders.
I also wrote on an update on a different TA about a wick piercing the Triangle base. I closed my shorts and looking for a reversal signal. I don't dare going long before seeing some steam from the bulls. If we go up, we might just resume the downtrend near 7.7k to 8k.