With this recent short in BTC I am looking out for the following:

1) BTC closes back above my short term trend line and continues to follow it back towards the next resistance zone around 48k . This means that a fake out would have occurred below my short term trend line using the 4h chart.

2) The previous bullish 4h bars is merely a retest on my short term trend line before continuing downwards towards my long term trend line .

3) Looking at the daily bar, it is currently making a big rejection from the downside. If the daily bar manages to flip bullish I expect a quick push to the upside and BTC may even move back above the 46k level.

Overall I am still very bullish on BTC as this is merely a necessary retracement for BTC to continue upwards in the long term.