I'd like to share my thoughts and expectations!
Since everyone is already fed up with everything—that is, the seemingly endless drop in #btc and many altcoins—I think it's reasonable to expect one last drop to finish off the longs, form a bottom, and then go after the shorts. By the way, I don't expect a deep plunge. I expect Bitcoin to bottom out around $72,500–$72,600, but if they go too far and oversell, then $71,388–$71,688. This isn't advice, just my expectations and my strategy of not entering early.
Good luck, everyone!