Some technical traders and momentum traders are turning bearish on $BTC. I would encourage longs and shorts to examine the monthly charts and map out if their hypotheses look as dramatic or meaningful. Today's action looks like a classic middle channel retracement following a move above or below the middle of the channel. retaking the middle of the channel will confirm a test to the top of the channel in the coming months. For now, holding long positions and waiting to add to confirm momentum and long term uptrend seems prudent.