Yesterday morning, the market dipped to around 74,500 and stabilized, then entered a slow upward correction with sideways fluctuations. After the US stock market opened in the evening, it surged to around 79,300 but failed to break through resistance and retreated again. The current market continues to show a weak consolidation pattern, with mainstream cryptocurrencies maintaining narrow fluctuations and no clear directional guidance.

From the current market situation, after a significant decline earlier, the market has not experienced a strong rebound, but is only in a weak correction phase with sideways trading at low levels. The buying momentum remains weak. The technical outlook shows a clear bearish trend, with prices consistently pressured below key moving averages. The rebound after the weekend's sharp drop was weak, further confirming that the bullish momentum is exhausted, and the bearish dominance remains unchanged.

Trading Suggestions

For Bitcoin, short near 79,100-79,900 on rebounds, target 77,500-74,500
For Ethereum, short near 2,360-2,410 on rebounds, target 2,250-2,150