Are you or bearish? Do you agree or disagree? Share your thoughts and critics in comments!
See the update below from both fundamental and the technical perspectives.
Also, there's enough room here to make a pretty decent profit on the re-tests, plus you get to learn how the tape feels. I am theoretically long crypto in general bc it almost must replace national currencies at this point (too much printing and no interest rate to incentivize holding cash = bitcoin pretty much has to go up).
Finally, given these facts and assuming you flip to 10k repeatedly and successfully, I don't see why you couldn't roll at least half of the scalped profits into a bigger gut-shot long position so that you make sure not to miss a potential break and 35% run.
And hey, if it fails here, its an easy wait til 8499.99 and enter long situation, imo.