Looking at the four-hour chart pattern makes it clear. The previous low at 79,605 is a life-or-death line. The price is hovering near the lower band, scraping along it. The entire structure is still a downward channel with lower highs and lower lows. The middle band at 80,944 is a very obvious resistance. The last rebound didn't even stabilize above 81,000 before being hammered back by the bears. If 79,605 can't hold this wave, the next support is directly at 78,850. Breaking below that would be the previous low at 74,800, a dense area. In terms of volume, these two bearish volume bars are clearly larger than the previous rebound's bullish volume. The bearish main force hasn't left. On the four-hour level, to attempt a bottom, at least wait until the price recovers above 81,250. Right now, this rebound pattern is just an opportunity to add to the short positions. $BTC $ETH

BTC-1.72%
ETH-2.55%
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