I know, "IT'S NOT THE TOP YOU IDIOT!", but here I go anyway lol. Easy for me to say that this is a top, being that i'm not invested either way but IMO I do have a unclouded and unbiased judgement
So I'm looking at the 15500 level as a level where shorters shorted - that level is weak and needs to be run. 16200 level looks like a good level to reduce your longs right down or shut up shop completely. Fomo could take it up to OTE around 17700. After this i think we will see the next level around 9000 yuan reached pretty quickly where I will need to re-evaluate, but should see a bounce there
I recon this last pullback will hold for a long time. I'll be joining the long term HODLers when we get sub 5000 yuan.
Stay safe out there and remember greed will bite you in the ass eventually!