BTC doesn't
need to do anything, I assure you.
In the event of a sharp correction however, I agree that $24K is a very interesting level, for other reasons. It's right where CME futures left a giant gap in both price action and VPVR:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FjxbjCOx.png&t=665&c=wANsM4bJrWlPhg)
So "gap fill theory" and all. There's horizontal S/R there and there was also a lot of volume exchanged, so it's a high value zone, likely to bounce hard off it. It's also a 36.5% decline from the top (assuming this top holds; not sure about that) which is pretty realistic, based on the 2017 bull market at least.
The market cap for Bitcoin and the entire cryptocurrency is so over valued its a joke & unrealistic hyped-up valuations. These "digital assets" are mostly useless yet have unjustifiable valuations.
You sound a bit biased. I hope you can keep your emotions in check when shorting this market.
Disclaimer: I have a short Bitcoin position and the views expressed here are my personal opinions based on my years of technical analysis.
Honestly, I wouldn't fade this market. You might be right but you better have tight stops if you're wrong. This momentum is insane. Even if it's totally irrational: "markets can stay irrational longer than you can stay solvent."