Yesterday’s bearish outlook on BTC: the market has smoothly played out a drop of nearly 3,000 points, and friends who followed the pace have already securely reaped the profits from this move.

The current market structure is already very clear. On the daily timeframe, the signs of an intermediate top are explicit, and the likelihood of pressing higher again to challenge and break above the previous high of 80,000 has dropped significantly.

The overall market rhythm has shifted into weakness: highs keep moving down, lows are repeatedly broken one after another, which has become the main theme. Rebounds have no strength, and selling pressure staying effective has become the norm—there is a clear willingness for funds to flee.

So in the short term, we continue to stay bearish and do not go against the trend to catch the dip, in order to steadily capture the downside room ahead.

Suggested trade: place short orders around 76000-76500. Look for a move down toward 75000-74000 after the breakdown, with continuation to 73000
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