This is not a suggestion for creating a short position. This is not a trade reccomendation. I am currently waiting for the signal, I wanted to give you another point of view.
BTC is about to hit the long term resistance (Log scale). I think we might see another crash before BTC going healthy up again. The consequences will depend on the volume and other possible news coming. If this happens, all the Alt market will keep on suffering. If we break on the 4h-1D above resistance, we could directly go bull mode again. I'm on the short side now.