Yesterday, BTC and ETH showed a bearish candlestick with an upward wick, which basically confirms a pullback in this market. This time, breaking 80k won't see a rise to 82 like before; if it goes up again, it's really aiming for 83. At that point, it won't just be a simple high-level consolidation creating a trap. ETH was a bit strong yesterday, but as I mentioned, it was just to create some space for a downturn. Otherwise, how low would ETH drop if BTC fell? This is a straightforward concept: only showing slight strength in this process means that when BTC is on its way down or being dumped, ETH's decline will be relatively smaller. We don't want to see BTC hit 72 and ETH break below 2000. So, this is about spotting market changes during the process. The most crucial point right now is that the bearish trend is basically established, so it's just a matter of time before we reach the target this month. We're waiting to exchange time for space; we must wait for the market move before making a play. No need to rush. The same goes for shorting trends. I got too eager with my trades, and even rolling over my positions didn't go well. Even if it’s going to drop, there’s always a chance for a rebound. I often emphasize these points: seeing the market correctly is useless if it doesn't follow expectations, especially if your position can't handle the various fluctuations. Analyzing the market allows for an objective view, which is a different concept. Plus, the operations for futures and spot trading are completely different. Mindset is crucial; one can be laid-back, while the other requires constant attention. So, a little warning here: try to move less and observe more.

Intraday insights interpretation

BTC price has now dropped into the intraday 78-79 range, but this decline is just a normal pullback, not a significant downturn. For this trend to be considered substantial, it needs to break below the 78 level, ideally hitting the 76-78 range. Currently, we should watch to see if it can break below 78 and then dip into the 76-77 area for a quick spike, before continuing to break down past 76 to target the 70-72 range. The intraday resistance levels to keep an eye on are around 798-803. A normal pullback shouldn’t be too drastic, but we should be cautious of this resistance level. Right now, the market is clearly bearish, and any rebound is just a setup for further drops.

ETH showed some strength yesterday, but ultimately closed as a small bearish pin on the daily chart. It hit resistance around 2320 before starting to pull back. Currently, 2260 has effectively broken down, with support levels to watch intraday in the 2180-2230 range. If it breaks below 2180, we could see it drop to the 2030-2120 range. This 2180 level corresponds to BTC's 76-77 range. A close below this indicates BTC will likely plummet, and ETH will follow. A rebound is just a shorting opportunity.