Today it looks like both to me. Either we will continue the rise to $8700 or something like that, or the market will reverse and we are going to retest some of the previous levels. You have to decide which one of these options is going to happen for yourself. I know this post of mine is of no use to you, but I myself am in the same dilemma. I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?
Just to be clear, I hope for a continuation of the bullish run.
Many people experience confusion now, why don't you see the market and see if prices will fall or go back up? or at least you can sell half of it to recover because of your previous loss? there are many strategies and plans that you can choose.
I'm sure a lot of people will sell when they think the price is already high enough, and of course the falling price will definitely happen, as happened today. many people sell when the price breaks through $8k as I'm predicted. my advice if you go for short then sell it if you have seen a high price, dont let that chance gone