Bitcoin's current trend is obvious to anyone watching—it's about to fall. It just surged to 69,288 and then immediately plummeted. The long upper shadow is a clear sign of a typical scenario where the bulls can't push higher and the bears are ready to dump. All the positions above 69,000 are trapped orders; anyone chasing longs is just taking the other side.

Don't be fooled by the current hover around 68,800; that's just fake. The rebound has no volume, and it's mostly retail investors holding on stubbornly. MACD is about to cross bearish, RSI is heading down, and the bullish momentum has long disappeared. Next, it's likely to keep dropping.

Trading strategy is simple: when it rebounds to 69,000–69,200, go short. Set stop-loss at 69,500—don't hold the position through the night. First target is 68,000; if broken, then look at 67,500–67,000. The downside space is solid.