If you are currently long BTC, you are trading counter mid term trend. Which on occasion can be fortuitous, however it is not considered general best practice. Macro we are still moving up, however we need to return to this trend line and establish a base level for sellers to exhaust and buyers to step in. I was expecting a large reaction from the $7,200 region and it has happened. I now feel that many have joined this move pretty late (in the mid $9.000s and there is potential for them to be trapped here whilst BTC heads down to the mid to high $6,000 region.