All consecutive bullish rebounds are just traps, and a falling candlestick signals an immediate decline. This is the unchanging fundamental logic of the market: rebounds are hard to form a bottom, and bottoms do not rebound.

Today's movement is nothing remarkable; the brief intraday rally was quickly ended by a large-volume bearish candle, with all gains in the early session completely wiped out. The trend remains clear and unmistakable. The small-scale rebounds may seem vigorous, but they are merely a concentrated release of retail traders' chasing emotions. FOMO-driven buying pushes prices higher, increasing selling pressure, and the bears take advantage of the momentum to sell off, causing the price to fall back after a brief rise.

The larger cycle trend is fully in line with expectations. The market has struggled to break through previous highs, and after the rebound peaks, it naturally reverts to the main downward trend. The short-term upward movement is just a trend correction. Technical pullbacks after continuous rebounds are inevitable. Currently, the bears hold complete control of the market, and the deep retracement phase has already begun.

Throughout the day, I keep reminding that the resistance levels above Bitcoin and Ethereum are absolute zones of restriction. From the current pattern, the downward momentum of the bears is not yet exhausted, and there is still room for further decline at the bottom. Patience and holding positions are the best approach; there's no need to rush to exit.

The essence of trading is to go with the flow like water—do not fight against the trend or resist stubbornly, and avoid greed and prolonged battles. Moving steadfastly in the direction of the trend is the best trading principle.