Short covering or not, BTC rebounded as predicted (I know there is a lot of FUD out there). The current pattern needs to play out for another 1-2 weeks before we know the true intention of the direction of BTC. To me so far, BTC is still correcting upwards and may resume the downtrend in 2 weeks. So gotta be careful from here. I certainly hope that the bulls can make the case for 6000 be a hard floor but this is not the case yet. Stay neutral for now.