Observation

$BTC reached a new high but fell precipitously after testing the mini trend line. I didn't expect the line to still be valid but apparently it still works, for now.

Is it finally going to test the major trend line at around 44000 and attempt breakthrough? Is the historical 25% drawdown of BTC during pre-halving period about to repeat itself?

Nobody can tell for sure but it's always wise to set SL below major trend line and limit the potential losses for those using leverage.

Stay calm and keep a close eye on the movements. Don't be afraid to take a small loss in order to avoid a bigger one.