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The longs and shorts have been cleared in the 46-51k zone by manipulation and now we are heading to 20k. Evergrande has collapsed and this will send ripples in the Chinese markets taking also the global markets and Bitcoin with em (tether has papers in evergrande).
As long as we stay on the line drawn BTC will keep going on, markets are in panic right now due to Chinese real estate firm Evergrande defaulting on their billion dollar loans.
Top 100 companies have just started getting into NFTs and a second COVID19 crisis is looming, increasing investor risk appetite and making people desperate to make gains. This is the perfect time to buy altcoins and BTC.