Looking from an elliot wave standpoint, we can see Bitcoin             has finished its 5th wave up, and is now due a retracement. BTCUSD             is currently hovering around the BIG resistance level of 6700/6800 and i cannot see us breaking this signifying the finish of the 5th wave. Now a healthy retracement would be to $6300, losing this support and i foresee a retest of $5700, which i would not expect to hold again, with btc             going to low 5k.

Alternatively the bulls get through the $6800 resistance with volume , in which case i would wait for a retest of the resistance turn (maybe)support to think about opening a long position, but more likely to open a short the higher it gets, but as i say play with the market, so cannot say 100% which position i will take up without seing the charts and sentiment, will update.

TLDR: keep an eye on if the bulls can break BTC             $6800 resistance with volume , if not a retracement to at least 6300 is coming very soon.