The short-term bullish trend for BTC isn’t completely over yet, but mid-to-long term, it’s clearly bearish—focus on setting up short positions. Don’t chase highs, and don’t expect the start of a new bull market. On the hourly chart, the bullish structure from the recent surge hasn’t flipped bearish yet. Momentum is still shifting upward, but we’re already in the late stages of the rebound. However, the rise lacks volume, and there’s an abnormal divergence between price and volume. We’re nearing the top range; even if it pushes past 80K, it would be an extreme high with limited upside potential. Every time a new high is broken, a deep pullback tends to follow. Risk is increasing at these high levels. Shorting now is considered counter-trend trading, which is challenging. Wait for a clear trend reversal and confirmed signals. If entering early, only build a small initial position with strict dollar-cost averaging. Once a decisive breakdown occurs and bearish confirmation is in place, add to the position on the second signal. Predicted downtrend structure: This rebound could go from 60K → around 80K. Currently, low-leverage short positions offer a solid risk-reward ratio, with significant downside potential.