On a 15-minute timeframe, BTC is now showing a standard “grind down” pattern with no rebound. The price is being pinned tightly by the middle band of the Bollinger Bands, with no strength even to reach it, and the focus keeps shifting lower. The MACD is sitting below the zero line—bulls are completely “playing dead.” The chart is covered in choppy small red candles that just keep inching downward. This kind of move is the most exhausting; it’s the classic rhythm of “bulls give up resistance, bears slowly harvest.” First, watch whether the prior low of 77,400 can hold—if it can’t, then it’s headed toward 77,000. $BTC $ETH

BTC-1.62%
ETH-2.93%
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