Market sentiment is moving towards a more bullish outlook. Every time this has happened in the bear market we have had a very big drop.
12 hour chart on BTC points towards a bearish divergence.
Major altcoins also printed bearish divergences earlier.
Do not be fooled by market sentiment. Remove your emotions from your investments and trades. BTC still has a lot to go. This looks like a distribution phase before the next drop. We could get a few bull traps on the way but I am still swayed towards a bearish outlook.
My stop loss is at 4250 (on bitmex).
I will slowly build a short position at the current market price.
Expecting at least a re-test of the bottom (3k).