I'm afraid if I short it will go back up.
In this market you make money by doing the opposite of what everyone else is doing.
Disclaimer: This is not advice, just an observation of mine.
Generally, that only works if you can predict the future.
Generally, that's what speculation is all about.
Generally, speculation is about making wild guesses. I.e., not knowing of the future.
If you do the opposite of everyone else, most of the time you will lose along with everyone else, usually even faster.
*edit*
Kindly stfu. I am right, you are wrong.