$BTC Let me breakdown ETH for you. On the smaller timeframe this recent secondary high retest has been very strong, however as long as we stay near the previous high, shorting remains the best risk-reward choice. Currently the price is once again approaching the secondary high area, I've already entered a short position, and looking at the 4h structure. Price is about to touch the resistance at the upper edge of the ascending wedge and rectangle.

An ascending wedge is a bearish pattern, and the upper side is a strong resistance zone that won't break through so easily, so my prediction for this move remains that the probability of a bull trap is higher. As for the daily timeframe, although it's in a golden cross trend, volume has been continuously contracting. Simply put, we have a golden cross right now but the price action on volume is weak, constantly oscillating up and down. The golden cross may be getting exhausted. Once it's exhausted it immediately turns into a death cross. Volume continues to be weakened, the midterm is very unfavorable for bulls, this is a signal of rising momentum decay.