April 6th Morning Bitcoin Analysis

Today, BTC experienced an extreme short squeeze, with the price soaring to around 68,898.5. The current quote is 68,838.3. On the surface, it seems like the bulls are unstoppable, but in reality, this is the final frenzy of the peak. In my opinion, this irrational surge detached from fundamentals is a typical late-stage top, and a deep short-term correction with a waterfall decline is imminent. The key strategy moving forward is to short on rallies and seize the opportunity of this correction.
Trading suggestion: Short around 69,000-70,000, targeting 67,500-66,500.