It appears after the futures market bid bitcoin up that some shorts have moved in and currently have bitcoin pointing down question is can they push it down drastically or will they be squeezed.
if they did short the top you can bet they will have stop loss orders near the top so if bitcoin can make a new high and hold on to its gains during this dip it will be interesting to see what the potential squeeze might look like but for now be careful as clearly some big money is shorting it.