Rebound? What rebound? The price is hovering near the highs, barely moving, while positions have been slashed dramatically in a single day—this isn’t consolidation; it’s the bulls accelerating their surrender. Aggressive sell orders are hammering the bids, and the four-hour structure keeps trending down. What people call support is just a balcony where gamblers can stand a little longer. Worse still, leveraged spot longs keep piling in: positions are getting cut on the futures side while spot buyers catch the falling knife. The two sides are colliding head-on—who’s serving whom a meal here? The longer this market stays coiled up, the cleaner the drop will be. The air is coldest halfway down the mountain. Only after the leveraged crowd gets wiped out will we have a real bottom—buying the dip now just makes you someone else’s crash pad.