Short term BTC dominance should go up, that´s why I don´t really see BTC going down right now. But we have nice 5 wavish cycle to the downside, so every bounce to the upside should be good opportunity to go SHORT. Zone at 36k could be reversal point.
Also after that "Elon Musk pump", all longs on bitmex are completely gone and people are now bearish, majority is shorting, so some bigger bounce to the upside makes sense.
Also after that "Elon Musk pump", all longs on bitmex are completely gone and people are now bearish, majority is shorting, so some bigger bounce to the upside makes sense.