Position: Bitcoin's recent drop paused at the 0.5 Fibonacci retracement of the overall rebound, signaling a neutral correction. Right now, market liquidity is super cautious—everyone's waiting for key signals before making any moves, long or short. With no clear direction, price is stuck in the middle. Indicators: 4H MACD didn't show any significant volume during the dip, just a slow, steady bleed. RSI is suppressed below the midline, and the fast line is stuck under the slow line. If we get a breakout, expect some price action. Moving Averages: All MA levels are lined up bearishly—classic bear market setup. Long positions are tough to play, with resistance stacked overhead. Structure: Structurally, the minor bullish trend from the rebound isn't fully broken yet, so a second leg up is still possible. However, bulls are on the defensive, and there's no sign of any aggressive push for now.

Bitcoin needs to see a strong 4H close above 68,370, and ETH needs to close above 1,988 for bulls to regain control. Until then, bears still have the upper hand.