The market is structured in such a way that bad scenarios occur more frequently than good ones. And locally, declines happen more often than growth.
Has there been a rise on a positive note? Congratulations, tomorrow Trump will impose tariffs, argue with his boyfriend, and a military conflict will begin. Funds are buying, governments are forming reserves and installing crypto machines, cryptocurrency can be used for payments in stores — all these positive factors are predictable and almost exhausted, while the negative scenario can happen every single day — thanks to the people on this planet.
Therefore, contrary to popular belief (declines are limited to zero, while growth is supposedly unlimited), short positions from local highs occur more frequently than attempts to catch a bottom.