We can see that BTC is in a strong downtrend making lower highs and lower lows. Additionally, BTC is forming a Descending Triangle which has a higher chance of breaking down, which would be trend continuation. If price was to get a bounce from here, it could present a nice short entry.
This idea makes the most sense because as always - it can wipe out the most leveraged positions ;) I think I'm getting used to culminations going both ways.