BTC holiday grinding, consolidation persists, funding rates remain high; beware of a rebound and stop-loss hunts.

BTC has been forming bearish candles on the daily chart for three consecutive days, with volume compared to the previous two days in an expanded state, indicating there are still quite a few sellers.
However, from yesterday to today, we clearly feel that BTC is reluctant to fall further, continuously oscillating sideways with small fluctuations.
So what is it trying to do? I have told everyone before, it rises the way it falls, it rises and falls in small increments. Now it’s falling in small steps, rising in small steps.
Therefore, the decline won’t be very smooth, especially when the funding rate is again mostly negative.
It’s very difficult for it to drop sharply in a big bearish candle; just hunting for liquidity and stopping losses at previous highs makes it even harder.
So what should BTC do next?
First scenario: BTC fills the gap left on the 4-hour chart around 77,000, with bearish liquidity also near 77,200.
After filling the gap, it begins to decline.
Based on the volume of the recent rebound on the daily chart, this possibility is still supported because the rebound volume is decreasing.
Second scenario: The funding rate is mostly negative now, and BTC is just sideways grinding here, which could attract many short-sellers.
This also makes it very likely to take out the previous highs, which are at 77,800 and 78,200, while there is ample liquidity at 78,500.
So, don’t rule out hunting liquidity here.
If it shows more strength, the parallel top at 79,400 is also a big temptation, possibly to hunt liquidity on the way up.
The most critical question is: how should we trade?
If BTC rebounds to around 77,000, fills the gap, and encounters resistance while hunting liquidity and cannot go higher, then short it.
Target around 74,500/72,000.
If there’s no clear decline or resistance here, don’t rush to short; it might still hunt more stop-losses.