The daily chart has already formed four consecutive bearish candles, and the bearish momentum is fierce, which is beyond doubt. Although both KDJ and RSI have entered oversold territory at low levels, there is no sign of a reversal; they continue to decline downward. The MACD bearish momentum is also steadily increasing, which is a typical sign of weakness that does not turn around. The bears still firmly control the rhythm.

But here is a key detail to pay attention to — the lower band of the Bollinger Bands has not yet started to turn downward, and it hasn't even flattened out. The shape still shows an upward support stance, with the support level right around 76,000. What does this mean? The downward space has not been officially opened yet. Chasing short at this position has a very low risk-reward ratio; a wrong step could easily trap you. We have repeatedly emphasized a principle: if the lower band of the Bollinger Bands does not open downward, the decline is just compression, not acceleration. True accelerated decline will only come after the lower band flattens or diverges downward.

So, the current rhythm is summed up in one word: wait. Either wait for the lower band to flatten or turn downward, or wait for the market to strongly plunge and effectively break through 76,000. When one of these signals appears, it will be a safe window to chase short. Until then, do not be carried away by the weak atmosphere; patiently waiting for a high-level shorting opportunity is far more profitable than rushing in and getting caught by a rebound. $BTC ‌$ETH ‌