Short term bear consolidation followed by increased bullish sent

Here I have I have drawn a black outline tracing price starting from the $4900. I left the outlier of the large movement from April 1st-2nd under the assumption that 1 or a few whales caused the movement rather than the market as a whole. Operating under the assumption that the general market is left to determine price action after the large increase, buying pressure is exhausted by the bulls leaving bears to look for a point to unload their bags after the $4100 ---> $5300. Price is not attracting the general market enough to push through the resistance of ~$5400-$5300 levels since it is assumed that most people didn't catch the discounted price in time for the huge jump. FOMO is growing, but not enough for the bulls to push to the strongest level of resistance of ~ $5800-$6000. Expect short term consolidation followed by increased bullish sentiment at ~$4900 - $5000 levels to finally test the $5800 level. Consolidation theory is supported by overbought levels on 4 hr and daily indicators of RSI, RVI, Relative Vigor, decreasing momentum, and lower volumes than when price initially produced the false breakout on 04/10/19. News of bullish sentiment regarding Binance's mainnet, DEX release, U.S. physical BTC futures voting, and BTC halving "hype" supports long term bullish sentiment.

Tl:dr
Short term (1-2 days): short
Long term (Beyond April 23rd): long

Comment:

Volume is growing, along with increasing price and rise in shorts. Leaving one to assume a big long will come in and cause liquidation for the shorts in order for price action to move upward. Technical indicators still show overbought levels on 4hr/daily charts but is contradicted by the amount of rising shorts. Trade carefully, as a big move either up or down is imminent within the next 24 hours.