The analysis suggests a potential bull trap scenario for SPY, QQQ, and BTCUSDT. For SPY, the analyst anticipates a lower high below 640, followed by a breakdown below the 619 support level, targeting a move towards 600-604. QQQ is expected to reject a new all-time high below 575, with confirmation upon breaking the 551-552 low, targeting 532-534. Bitcoin is seen as having a lower high rejection below 117000, with a breakdown below 112000 targeting 107000. In all the cases the analysis points to a bearish reversal after a brief bounce.