HOWEVER, we are still in environment full of FEAR and I doubt, that the most retail traders are all in BTC , I would guess, that the most people are in fiat,tether and waiting for lower prices or some confirmation. And that´s on the other hand very for BTC price. Also is very high on the most exchanges and maybe the accumulation phase is over and we are going to the moon, although chart is telling me the opposite.
But overall, I think scenario is much more probable and we should be heading below previous low at 3700. But first, we should finish that last leg to the upside, probably towards 7500, so probably too early to SHORT right now.