The current four-hour chart presents a clear stepped downward trend. Although the bulls have made several attempts to rebound, they have consistently failed to break through the resistance zone, and upward momentum continues to wane, with rebound highs constantly declining, indicating a significant weakness in the bulls' power. From the market performance perspective, the bears have firmly established dominance, with a stable downward rhythm; each rebound after a pullback is weaker than the previous one, forming a typical weak pattern. The continuity of the downward trend in the short term is worth noting. The overall shape indicates that the bears' strength is still accumulating, while the bulls' counterattacks lack effective support, leading the market to favor the bears' dominance.
【Bears】
Big Pie: 119000-118500 Bears ➡ Near 117500
Second Pie: 3870-3850 Bears ➡ Near 3800 $BTC $ETH