So I'm not panicking, I will just sit it out and let those who panic push the sell button. Then smart investors simply will buy those BTC at a cheap price. This has been the formula since the beginning, and it's no secret as well that those who panic usually regrets their decision when Bitcoin goes on another massive run.
It looks like smart investors are actually unloading, and the dumb money buying the dips. I'm preparing for ~$7500 to be met before the halving takes place, which I'll then look into whether or not it's worth buying. Perhaps there might be a shallow bounce in the coming days, but that's perfect to sell into if you want to get out.
Closing below the 200 daily moving average (which we did two days ago) is generally a sign that you should be preparing for more downside, hence the reason I am short as we speak.
On a more positive note, wherever we end up bottoming, that will very likely turn out to be the best recent entry point. It's hard to be macro bearish with the emission of coins getting cut in half in the coming months.