The scenario is only invalidated when btc closes two daily candles and one weekly candle above 6300 then i can say we are really in bullmarket and rebuying btc could be good.But i dont think this is going to happen.
The risk to hold is bigger and loss is 10% but the return is 30-40% and risk is less to hold.
last thing is when tether fud happened there were all different types of chart in different exchange. somewhere it was looking like we brokedown and we are directly going down and somewhere it was like my chart is playing out. so i was totally confused therefore gave those charts but with tight stop loss and we gained nice profit with almost very little loss and now be ready for downside move.