There is a hint of panic setting in and that is good. Panicky markets turn on a dime. Short sellers often find that their profits are ephemeral, unless they cover quickly. The big speculators are where they are because they buy during panics.
If you study the markets 5% plus weakness over its history you will see on the bearish side, the markets have a propensity to turn on dime. Many moonshot rallies start from panicky weakness. I have studied every single weakness in Index for last many years. When forming a top market take long time but on short side many times the market shrugs of weakness and just rallies vigorously. It might retest those levels later but it might happen months after the weakness.
Playing short requires lot of tactical planning unless you find a short on individual stock with a enduring catalyst. Structurally in the market there are more buyers than sellers, plus behaviour of market players is different on long as against short.
One of the big mistakes one can make in the speculation game is to remain pessimistic about the market too long. Many chronic bears are still stuck on 2002 bear market, similarly they will paint scary scenarios, that is their role, but market seldom behaves as per the chronic bears expectations. The bearish hypothesis always paints extreme scenario.