You can see many noobs that are shorting now, this is a very bad idea. BTC can retrace easily to 50k even if the trend would be down from here on. Reversal in the BTC market never happens like this, there would always be a lower high before the market goes into a bear market. I think this is more a midterm, whales liquidating as much longs as possible, before continuation of the bullish trend.
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