🚩Strategy Analysis:

The overall market sentiment is extremely fearful (Fear Index 18), and the short-term market is still in a clearly initial downtrend.

According to Hyperliquid data, the current bears are still the main force in the market (55.76% of short positions), and the pressure is still bearish in the short term. 🐳

On the news side, the net breakthrough of the Ethereum spot ETF in the United States, the warning of the decline in the crypto market by the European regulator ESMA may affect the financial system, and the Japanese government bonds actually hit a new high, and the risk aversion will continue in the short term.

Combining CVD and large holder position data, the bearish forces remain strong in the short term, it is recommended to primarily adopt a short strategy.

🎯 Entry point (Short position):

If BTC rebounds to around 76,900~77,200, it is recommended to enter a short position with a light position first.

If the market rebounds to the 77,800 area (secondary resistance level), the first short position can be added.

If the price further tests the higher resistance area around 78,500 in the short term, the last replenishment can be executed.

✅ Take profit and stop loss settings:

📉 Take Profit Target:

The freight target is located near 76,000 (short-term support area).

A sustained break below could lead further to the 75,000 or even 74,500 area.

🚨 Stop-loss conditions:

The trend structure has clearly turned bullish, with BTC price strongly breaking through 79,000, indicating a disruption in the short-term trend structure. Immediately stop-loss all positions.

⚠️ Notes:

Currently, the international market has experienced significant fluctuations in news, and it is necessary to pay close attention to market changes and news, especially the impact of important financial policies from Europe, the United States, and Japan.

CVD, funding rates, and the large holder position data from Hyperliquid will be the focus of your observation. Once large holders start to shift to a bullish position, you need to react quickly and adjust.

Maintain discipline consistently, especially under leveraged conditions, strictly adhere to entry, margin replenishment, and stop-loss plans, and avoid letting temporary market fluctuations affect your mindset.