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Last Friday, it broke through 63k down to 59,131, and on Sunday it quickly pulled back to 64,234. The volume of that bullish candle isn't something retail investors can push out.
But from Monday open to this afternoon, 64,200 → 63k → 61,000, in three days, the entire bullish trend was wiped out. Today’s daily candle is another bearish candle, probing downward, with a lower low than yesterday.
This rhythm is more important than the levels.
The rebound in a bear market is like this: it rebounds quickly, and dies just as fast. Each rebound’s high is lower than the previous one, and each bottom-finder gets caught earlier than before. Those who bought at 59k last Friday, had a paper profit of $3,500 on Sunday, but by this afternoon, they’re already losing and running.
Recently, I’m not focused on whether 59k will break or not. I’m watching when this rhythm will be broken. If the next rebound can pass 62k and not come back, then the structure is changing. Until then, rebounds are for running away, not for buying the dip.