I agree - I'm overall long on BTC in the medium to long term. But short right now...BTC had a parabolic rise, I feel like there's more market manipulation going on here and the bloodbath will be brutal in the coming weeks.
Problem is Bakkt just announced launch is live in less than 30 days and Binance just closed all trading for USA customers. This means 39 % of Binance customers will move funds into BTC and withdraw to Coinbase or another exchange. Leverage will go through the roof on longs. No way its retracing now maybe at 10k but if it breaks 10k you will not see a retrace until 20k.