Watching the hourly RSI indicator of Bitcoin can reveal the clues. This thing's normal range is 0-100, and exceeding 70 is considered entering the overbought zone, usually indicating a pullback. Currently, BTC's RSI not only broke through 70 but is also getting closer to the extreme value, plus it has fallen 1.98% in the past 24 hours (data as of January 7), indicating a clear weakening of the short-term trend.

What’s more painful is that during this rebound, the trading volume actually shrank, with prices rising but volume diminishing — a classic sign of a false rally. It looks like it's going up, but in reality, no one is really buying in.

The market rule in the crypto world is that the strong stay strong, and the weak stay weak. Once a bearish trend is confirmed, any rebound you see should be treated as a chance to reduce positions, not as a signal to jump in. Those still bottom-fishing now are basically betting that institutions will show mercy, but that never happens — institutions have never been kind to retail investors.

The fact that a 100x leveraged short can be so bold is rooted in a true grasp of the big trend, not just following the crowd in gambling. Investors need to see this clearly.