Bitcoin just broke down again in the short term, slicing straight through the small triangle pattern. My earlier longs got stopped out too. I was expecting a bounce, but instead, we got a brief wiggle before another leg down. Price is now hovering near 79k, right at the lower boundary of the ascending channel. This is a critical level to watch. It also aligns with the neckline of the daily double top pattern. If this support holds, we could see a relief bounce. But if it breaks, the trend shifts into a sustained downtrend. For now, I'm waiting for a bounce to enter short positions. No rush. Patience pays here. Let the market show its hand first.