It's the dead dwarf bounce. Should take us to the vicinity of the .618 line (if not as high as 0.5) line. To be safe, I'd start shorting from 6700, which is just below a .786 retracement between the 2 levels.
And then it's back to the shadow again.
And then it's back to the shadow again.
Comment:
When I say "safe", I mean that I don't trust this bounce and know that btc can't wait to resume going down. I'd rather get my short in than miss out.