This is just 1 of the scenarios, obviously it will not go exactly like this but i do believe that it will somewhat resembles the upcoming moves. and the bottom will be around 600b - 700b, before the massive alts-season play out.
So i think the correct plays at this time are:
1/ Hold on to your coins and add more later if you still have cash. 2/ If you don't have cash, it's wise to stop over-leveraging , just hold and stay away from crypto for a while. the bull season is not likely to happen anytime soon, but i do strongly believe that in q3 the bull will gain back momentum and a massive altcoins-season will happen in q3-q4 3/ If you haven't invested in crypto yet then just 1 simple advise is to average cost from here to June or July , don't try to catch the bottom because nobody can.
Overall i don't suggest anybody to sell now, don't short, don't leverage. Just start accumulating in the next couple of months. And hopefully, it might be a real life-changing event when the altcoins-season eventually happen.