While the long term bull trend in BTC remains intact, we are at an interesting point running into resistance on low volume buys. Opening short at ~1115 and adding at to short at ~1175 (if it gets there) offers good risk/reward betting on the continuation of a new and interim bear trend that may have started on Mar 11th with the rejection of the ETF.
Diversifying into leading alts will likely be as profitable as a short position on BTC assuming this plays out.