The current market trend has basically started to head downhill, with hardly any difference from what we expected. The earlier slow upward grind has now turned into a gradual, stubborn decline. There isn’t much rebound strength in the market, which also suggests that the direction is certainly not a problem. In terms of price action, it’s still characterized by wide-range back-and-forth. Near term, the upside is clearly under heavy pressure; from high levels, prices are gradually pulling back, and a breakdown looks promising. For now, it’s still possible to test a short position with a light allocation, while holding that longer-term view. $BTC