If we see price halt in the current area and move sideways, we can possible see a move back to the downside. Price is currently moving up with lower volume which is a key indication of exhaustion. The next 2-3 days will be crucial, which will indicate the next direction for BTC .
Looks like super dump happened, how fortunate for myself and your call - I was stuck in a short with horrific consequences near liquidation and hoping for your scenario to occur - it happened even better than that, in moments what was about to be catastrophic loss ended up in a nice profit.
At least now can put a stop loss at better than break even and wait to see how low it gets.