As my opinion, you can see in the chart, BTC price is following a huge symmetric triangle pattern, so it's on the way to finish the last wave. I personally expect the price will bounce back at around 6800 - 6600, may be earlier ~7000$ (round number effect), and then the short opportunities will appear when price touching 8600 - 8800$ zone.
In contrast, if price bounces back and breaks the highlighted trend line, you can consider to entrance long, as price can climb to last swing highs - 10000$ or 11500$.
I'm still very bullish but if there is any spike in volume and price sinks below 6500$, nothing will stop BTC to return to 5500$ zone once again.
Safe trading guys!
Tung Nguyen