$BTC Short term trade outlook

I am still in the camp where there could be more downside on longer term horizon. I don't short the market instead wait for decent level to enter a trade and take profits out on strength on 50-60% of my crypto portfolio and hodl the rest. I believe the current level is attractive to reenter and there is a low risk to allocate some cash for a short term bounce. My assumption is that BTC can find a relief rally for the whales to get future liquidity to short the market again. They have already dropped the price rapidly by 45% to 26k level and caused the blood bath or margin calls. Next they will try to sucker in more traders by raising the price up in the pretext of a reversal and going to moon from this level. So, don't load to the maximum and if the relief rally happens take profits out the appropriate resistance levels.