BTC has spiked once more since I wrote my TA to enter at 8.75-85 level (for those who haven't bought at a lower price). I think now is a time to short and re-enter.
Considering the increasing FOMO, I would not expect a full retrace to EMA50-100 level (7.55 level). I would start buying very small portion at around 8k and buy more after checking whether EMA200/20 support is intact (7.85k level).
There is a very small possibility that the price will surge once more to test 8.4k level. But given the huge resistance to the upside and the fact that there was no proper retrace after the initial rally from 6.9k, I would not really expect the price to complete the rally upwards.
Good luck to all and thanks for reading my TA.
Note that there are signs of bear trap. If you are a very aggressive investor, entering a small portion after observing a significant (high volume) bear trap can be a possible strategy; though, personally, I would wait.