BTC may dip once more before the next major rally beginsBitcoin / TetherUSBINANCE:BTCUSDTWolf_AnalysisAt the moment, BTC has formed a new low and failed to create a new higher high (HH), indicating that bearish momentum is still dominating the market. The current rebound may serve more as a potential entry opportunity for short positions rather than long positions. Price could decline to retest — or even break below — the previous low in order to form a divergence before a larger bullish reversal unfolds in the higher timeframe structure. From the current market conditions, the RSI on the 1D timeframe remains below the 50 level, which suggests that bearish momentum is still in control. Historically, when RSI stays below 50, short-side pressure tends to have the advantage. According to Dow Theory principles, the bearish structure would be invalidated if price breaks above the previous higher high around 68,698. If price reaches and breaks this level, all short positions should be exited, and it would be prudent to step aside and reassess overall market conditions before taking any new trades.