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The current four-hour chart presents a clear step-down trend. Although there have been several attempts at rebounds, the price has consistently failed to break through the resistance in the range. The upward momentum continues to weaken, and the rebound highs are also continuously declining, indicating that the bullish side is clearly lacking strength. From the perspective of the market performance, the bearish side has firmly taken control, with a stable downtrend rhythm. Each rebound after a pullback is weaker than the previous one, forming a typical weak pattern, and the continuation of the downward trend in the short term is worth paying attention to. Overall, the pattern shows that the bearish side is still accumulating strength, while the bullish side's counterattacks lack effective support, leading the market to favor the bearish control.
【Bearish】
Large Pie: 119000-118500 Bear ➡117500 nearby
Medium Pie: 3870-3850 Bear ➡3800 nearby$BTC $ETH