Is $BTC the bottom to buy in or are we still heading down?

Since February 14th, I've been bearish across the board and have kept my short strategy consistent;

BTC has already dipped below 73000, and $ETH has gone under 2000. Are we set for a consolidation before a bounce back, or will we see another leg down?

Given the current situation, a violent surge is pretty much off the table; a brief rebound is possible. The market's fear level is super high, and a lot of folks looking to catch the bottom are worried about getting hit by falling knives. For now, the overall mindset remains bearish;

The 73000 mark for BTC was previously seen as the "last line of defense". Breaking below it has triggered further algorithmic trading and stop-loss orders. At the same time, ETF funds continue to flow out, with Bitcoin spot ETFs seeing a net outflow of $733 million in a single day, marking eight consecutive trading days of net outflows, with BlackRock alone seeing $528 million flow out in one day.

If Bitcoin dips below 72000, the market might speedily approach 70000, and we could easily find ourselves below 70k. Right now, major institutions are continuously unloading, funds are flowing out, and the geopolitical situation between the US and Iran is worsening, leaving no positive catalysts in sight.

Current situation summary: The market is stuck in a negative cycle of "institutional selling + macro headwinds + long squeeze." #伊朗革命卫队反击美空军基地

Do you think the current situation is suitable for going long or staying short?