$ETH Don't get carried away by this rebound; the outlook remains primarily bearish.

Regarding Bitcoin's recent rally, I personally see it as a technical rebound within a downtrend, not a true reversal yet.
From the 4-hour structure, after a volume-driven break below the key support, the bearish momentum has not been disrupted.
The current price remains below the previous breakout pressure zone, and selling pressure above is still heavy; the bulls' attempts to stabilize have been unsuccessful.
This weak rebound is more like giving the bears a second opportunity to set up.
My view remains unchanged: do not chase longs on rebounds; continue to short at higher levels.
Reference range: BTC: around 77,000–77,500 for a short-term high, target 76,000; ETH: around 2,310–2,340 for a short-term high, target 2,260.
As long as the price does not re-enter the key trend zone, the overall bearish rhythm will not easily change.
$BSB $RLS