The broader Bitcoin bear market cycle is playing out with textbook technical precision. On the daily chart, a bearish falling wedge pattern is forming, which in this context typically acts as a reaccumulation zone before further downside. Short-term support is holding for now, allowing a minor bounce, but this looks like a classic bull trap designed to lure in eager buyers. The weekend volume recovery was clearly insufficient, showing a stark lack of conviction. There is a distinct divergence between price and volume, suggesting the upward move is not driven by strong, committed capital. Funding rates have flipped from negative to slightly positive. This signals that retail traders are now aggressively buying the dip, increasing the risk of retail getting trapped at elevated levels. Simultaneously, a strong rally in US equities is siphoning significant liquidity away from crypto, leaving the digital asset market with low internal heat and momentum. The critical level to watch is $80,600. This represents the November 2025 low and the bottom of the prior accumulation range. Holding this level is essential for any bullish narrative. A decisive breakdown below $80,600 would be a clear signal to shift to a short-biased strategy. Above that, the $81,000 zone acts as a heavy resistance area with a dense volume node. This is a prime zone for a low-leverage short entry, as the probability of a rejection and subsequent correction remains high. Avoid the urge to chase pumps or blindly catch falling knives. The disciplined play is to observe the reaction at the $80,600 support. If it breaks, adopt a short-seller's mindset. While there is no clear short signal in the immediate term, selling into key resistance during a relief rally offers a favorable risk-to-reward setup for the next leg lower.