⚠️The halving bull market is purely an illusion! The standard bear market downward structure for Bitcoin has already taken shape.

Still dreaming that the halving will trigger a big bull market? Break that illusion quickly; BTC is currently showing a textbook-style bearish pattern!

No need to stubbornly analyze wave patterns on the four-hour chart; enlarging the cycle makes it clear: the market continues to make lower highs and lower lows, which is not range-bound oscillation but a clear stair-step downtrend.

Market projection

In the short term, the main force is likely to follow a trap rally pattern, with the price testing the high-volume zone at 72,000-74,000, where a large amount of historical trapped positions are accumulated, exerting strong resistance.
If this zone cannot be effectively broken through, Q3 will see a deep liquidity dump, with the core downward target at 50,000-52,000.

Core bearish logic

The current rebound is accompanied by shrinking volume, relying solely on the halving positive narrative to artificially sustain it; external factors like U.S. bond yields continue to suppress risk assets, and institutional funds have not entered to support.
Once the market digests the halving positive effects, and the benefits are realized, selling pressure will be released in a concentrated manner, leading to a rapid plunge.

Wave operation plan

1. When the rebound reaches the 72,000-74,000 zone, it’s a top-tier shorting opportunity.
2. Wait for the price to dip to 50,000-52,000, then gradually deploy long positions for bottom-fishing.
Abandon choppy sideways fish-tail patterns; better to miss the move than to enter blindly.

Remember: a single bullish candle cannot change the overall bearish pattern. Until the previous high is broken, all rebounds are just windows for shorting. #Gate现货交易量增幅全球第一 #Bitmine买入2万枚ETH #TradFiCFD黄金大师赛 $BTC $ETH