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Big pie: the short-term bullish momentum has not fully ended,
But the medium-to-long term is clearly bearish, and the focus is mainly on setting up short positions.
Don’t chase the price up, and don’t look for the starting point of a new bull market.
On the hourly timeframe, the move up to higher levels still shows a bullish arrangement structure that hasn’t turned bearish.
The key weight is still shifting upward, but it has already entered the late stage of the rebound.
However, the rally is lacking in volume, and the volume-price divergence is in an abnormal state.
Approaching the top range; even if it pushes again above 80k,
It is still at an extreme high level, with limited upside room.
After each high breaks through, a deep pullback will follow.
Risk at high levels is rising; currently, shorting is a left-side trade.
It’s difficult—wait until the trend clearly reverses and the signals are confirmed.
Enter early only with a small position to open a core base position and strictly use DCA.
Wait for a valid breakdown, confirm the bears, and add to the position after the second signal.
Downtrend structure outlook: in this round of rebound, from 60k to around 80k.
At the current low-multiple level, the short profit-to-loss ratio is excellent, and there is considerable room to the downside.