$ETH Take a look at the four-hour chart of BTC (the “big pie”). Right now it’s a typical weak range-bound move: the price is being held below the middle band—when it tries to go up it lacks strength, and when it falls it isn’t clean or decisive. The resistance overhead is like a lid pressing down; every rebound is discounted. Down below there is some support, but it’s clearly just propping things up to stop the drop from accelerating—it’s not a real push higher. The bulls and bears are both wasting time here, but control is in the bears’ hands: as long as it can’t get back above that key resistance area, this is a structure where rebounds become shorting opportunities. The way it’s trading now looks more like a downward continuation—after it burns through its energy, it still needs to go down for another leg.