There was a double top, which is a bearish indicator.
However, wait a little before shorting, If BTC is still in the channel it might bounce off of the channel support about now.
Took the theory behind Accumulation and Distribution and applied it to current BTCUSD market.
You can learn about it here: youtube.com slash watch?v=BHKm-jsSM6M
(Phase D might start later than indicated.)
In theory the 'last point of supply' would be the perfect spot to enter long.