$BTC In the evening session, the market saw a minor technical rebound, but overall upward momentum was clearly insufficient, with persistent overhead pressure weighing on price action. On the short-term cycle, only localized signs of stabilization and bottoming appeared, without forming a reversal structure. Currently, it is more of a consolidative rest after the decline, with bears quietly accumulating downward momentum. After the previous sharp drop, the bulls lacked the strength to counterattack, and multiple attempts to rally failed to break through key resistance levels. Prices struggled to hold at rebound highs, and the risk of renewed selling pressure continues to increase. The full-cycle structure shows a clear bearish trend, with weekly and daily levels building momentum, raising expectations of a second bottom test. In terms of trading, stick to the trend-following approach and take short positions when the rebound meets resistance.$ETH