This is my overall view on BTC, explained:
Sellers need one thing: BUYERS... Under 20k no one was buying expecting 12k, so big guys didn't have a counterpart
First spike up- Short closing= buying, so big guys sold on this
Very technical reversal from 21500- technical guys enter and offer liquidity
Of course, the GURUS are doing their jobs:" Crypto is back, the opportunity of a lifetime, bla-bla"- again counterpart for big sellers
New high, FOMO, again buying
Final: all that wanted to buy, bought, big guys sold, no one to sustain the price... BIG DROP.
Just how I would do it:). We'll see if I'm right
