Currently, all small rebounds are traps to lure in traders; the more chips follow the trend to buy the dip, the stronger the subsequent sell-off will be. There are no complex tricks in the current trading; only one direction is recognized: short on rebounds. Do not gamble on unknown bottoms, do not use limited capital to fight for tiny rebound spaces. Following the main trend is the most stable and highest probability choice at this stage.

After Bitcoin's 4-hour high-level top formation, the correction continues throughout. The current price hovers around 79,700 with weak volatility, and intraday rebounds have consistently failed to break through the strong resistance at 80,500. The Bollinger Bands are turning downward, and the price remains under pressure below the middle band; the upward channel has been completely reversed. The MACD shows a persistent death cross at high levels, with green bars not showing any signs of weakening, indicating ongoing bearish momentum; KDJ is only slightly weakly recovering from oversold levels, which is a normal rebound after a decline, with no bottom reversal signals. The high points of candlesticks keep moving lower, with volume increasing on declines and decreasing on rebounds—typical of a downward continuation pattern. The current slight sideways movement is just the main force wearing out the bears’ patience and attracting retail traders to buy the dip. Once the correction ends, a second decline can start at any time. The overall approach remains to follow the trend; rebounds are opportunities to short at high points. Key resistance levels must not be broken for the trend to turn bullish. Do not blindly guess the bottom or chase longs against the trend. Strictly set stop-losses and wait quietly for bears to realize profits.
Since the peak at 82,828, this round of rally has already ended in stages. There is no strong force pushing for a rebound; every small upward attempt is met with heavy selling pressure and a retreat. Funds continue to flow out, and market bullish sentiment is extremely low. Bears have completely taken control of the market rhythm. On the indicator level, the entire cycle shows a bearish resonance, with no signs of bullish reversal signals.
The current market has few extra variables; the overall bearish pattern is very clear. The key level at 80,800 is the dividing line between bulls and bears. As long as this level cannot be effectively broken with increased volume, all rebounds are just weak corrections within a downtrend. If support at 79,100 is broken, the downward space will open immediately. Trading should always prioritize following the main trend. When the trend is downward, do not go against it. Wait for a comfortable shorting point at resistance levels, with small stops and a good risk-reward ratio. If you don’t understand the sideways movement, stay in cash and observe. If the trend is clear, act decisively. Control your position size strictly, refuse to hold large positions blindly. In a certain market, steadily accumulating profits is the goal.
Bitcoin: Short around 80,300, target: 78,500
Ethereum: Short around 2,320, target: 2,200