💥$BTC In the afternoon, Bitcoin surged to 60734 but was immediately knocked down. The rebound had no volume and couldn't even stand above the Bollinger middle band—a classic weak performance. Now the price has dropped to around 59500, and the situation is very unfriendly to the bulls.

Short-term bulls shouldn't expect a turnaround. Bears have officially taken over. The lower band at 58849 is very close. If the bears make any extra effort, it wouldn't be surprising to test or even break through that level. More critically, look at the volume: the previous decline was accompanied by increasing volume, but the recent rebound candles have seen a sharp drop in volume. This pattern of "declining with volume, rising with shrinking volume" clearly shows that only retail investors are bottom-fishing. Big money hasn't moved at all. It's most likely a continuation pattern—more downside to come!

Nannan's personal trading idea: Just short with the trend. BTC: short near 59800, target 58800. ETH: short near 1570, target 1510.