HTF 4h shows a clear distribution from ~5400 peak and accelerating breakdown — lower highs since early March, price collapsed through 5000 support with heavy red volume. LTF 1h confirms: the Mar 18 selloff was impulsive (5x normal volume bars dropping from 4996 to 4809), followed by a weak dead-cat bounce stalling ~4850-4870 on declining volume. Current price 4853 is in this retest zone. Bears in control. Entry on bounce into 4870 resistance, stop above the bounce high ~4900, target 4800 round number and prior session low area.