The risk/reward ratio appears to justify the trade, but I think that's because of the inflated reward. What likelihood do you actually put on reaching the $4,000s?

The 2/26 breakout candle on the 4h was simply too strong to justify continually shorting without confirmation. Especially while margin shorts are standing near ATHs and have risen by ~20% in the last month. The perma-shorters have got big balls, but I don't know how long they'll keep their shirts. This is coming from someone who expected a dip to the $8,000s two weeks ago....

....and had to re-assess. Trading is all about reaction after all (not prediction)!

To be honest, though, I'm rooting for your short here, as I didn't re-buy 100% of my position yet.