BTC hold the current channel support or drop?

Bitcoin is currently holding the bottom channel support at approx $20,200. If this support is lost, the middle of the next channel would be the next drop. The 1.618 fib extension of the previous swing high to low, is coming in around $18,000. Personally Im still in my short, due to the sp500 and nasdaq losing their 200 daily ema, quantitative tightening, inflation bla bla blahhh.