From a technical perspective, the structure indicates that Bitcoin is currently in a rebound correction within a bearish trend. The overall center of gravity has not shifted upward; instead, it is repeatedly facing resistance in the pressure zone.

There is no substantial positive support from the news side. The price increase is solely due to passive following, lacking independent strength to move higher.

After a short-term spike, the decline accelerates, indicating that selling pressure at high levels continues to intensify. The bulls lack sufficient momentum to absorb the decline, and major funds show no intention of continuing to buy.

On the technical level, cyclical indicators are weakening in resonance. The RSI has entered overbought territory and is turning downward. The MACD green bars are gradually expanding, reinforcing the bearish signals. Any rebounds below the resistance levels are opportunities to short. The trading logic remains clear: it’s more certain to look for short opportunities in line with the trend.

Trading suggestion: Short around 2050-2080, targeting 1980-1950, with a break below 1920.