The current trend is clearly in a downward channel, with the market showing a typical bearish pattern of higher highs decreasing and lower lows moving down. The moving average system is forming effective resistance, indicating heavy selling pressure above. Additionally, market selling pressure continues to increase, combined with signs of capital outflows, forming multiple technical bearish factors. As a result, the rebound strength of the dip is weak, with each attempt to rally being suppressed by selling pressure, and the overall downward pace remains smooth.

Given that the current bearish pattern remains unchanged, it is recommended to maintain a strategy of shorting on rallies. Patience can be exercised to wait for a rebound near key resistance levels to establish short positions.

Personally, I suggest entering short around 2060, with targets of 1980-1920!#PI #BTC #ETH