Given that the market is being pulled up by its ears, breaking divergences and the rest, short positions are also uncomfortable to consider now.
To wait for a short:
- Synchronous short values of main and secondary metrics, to confirm the short phase so we can comfortably consider shorts.
- Wait for a local breakdown of the ascending structure on Bitcoin (values below $51k).
For a long:
- Wait or ensure that synchronous short values on Bitcoin are not planned in the near future. That is, if we start a good correction before the appearance of synchronous short values, it will judge the metrics and accumulate a reserve for continued growth.
- Maintain the ascending structure of the chart, and in such a case, there will be an option to join the ascending trend after the correction has occurred.
Assessing the entire current market situation, I am more inclined towards the short option, as it is more likely and will occur in the near future. This refers to the medium-term direction of movement.