The overall bear market downtrend for Bitcoin ($BTC) continues, with the daily chart showing a bearish wedge pattern. In the short term, there’s some support and a slight rebound, but it’s a sneaky bull trap that looks like it’s “holding up.” Weekend trading volume during the rebound was insufficient and clearly shrinking, lacking the volume-price synergy of major players actively pushing up. Funding rates are gradually turning positive from negative, as retail investors start bottom-fishing and going long, increasing the risk of high-level longs getting trapped. U.S. stock market surges are diverting a lot of funds, and the crypto market is losing heat. Key level: $80,600 (November 2025 low, previous consolidation zone low). Watch closely to see if $80,600 holds. If it breaks, it’s a shorting opportunity. - $81,000+ is the upper boundary of the consolidation zone and a high-volume trading area, with strong resistance. Small leverage shorts can be considered here. - Don’t chase longs or blindly bottom-fish; only observe above key support levels. If they break, shift to a bearish mindset. - No clear short signals in the short term, but shorting at key resistance levels during rebounds is an option. The probability of a pullback risk remains high.