In the early morning phase, the market price for BTC, after facing pressure around 78,300, gradually weakened. In the order book, 77,500 and 77,000 were breached one after another, and the rebound strength was weak, with no clear follow-through seen. Then the price action started to trend lower in a choppy decline, with the focus continuing to shift down and gradually approaching 75,800. The intraday low reached 75,584; concurrently, ETH met resistance around 2,460, then pulled back, fell below the 2,400 level, and its low touched around 2,340. Overall, this sell-off in this phase was not a panic stampede, but a structural weakening after resistance confirmation. After entering the white board, the downward continuity on the lower side was somewhat reduced. BTC repeatedly found brief support around 76,000; the price rebounded to the 76,500 area but met resistance again. ETH, meanwhile, made a slight recovery from 2,340 to around 2,360 and consolidated there. The board gradually shifted from a one-sided decline to absorbing weakness at lower levels. A true trend reversal is often confirmed by the market during repeated rebounds that fail and during the ongoing lowering of the focus. Respecting the structure matters more than subjective judgment.

From the current order-book/market structure perspective, on the 4-hour timeframe, BTC is in the consolidation stage within a downtrend structure. The pattern of gradually lower highs remains intact, and the rebound has not reached any key invalidation/break level. Overall, it still falls under the category of weak consolidation. The main overhead suppression to watch is the 76,500–77,000 area. This is where price has repeatedly rebounded without success in the short term, and it is also the range where current bulls and bears divergence is relatively concentrated. As long as it does not effectively break through, the market is likely to continue its downward momentum. Support below to watch is at the 75,500 level, followed by around 75,200. This area is near the previous lows; if it is effectively broken, the downside space will open up further. For ETH, on the 4-hour timeframe it is also in weak consolidation. Overhead suppression is in the 2,370–2,390 area, while support to watch is at 2,340 and around 2,320. Overall, the larger-cycle structure has already weakened. The current rebound is mainly a correction of the sharp drop, and the market has not shown any selloff-stabilization signal. In terms of trading thinking, the plan is also to set up short positions following the changes in the board structure. #山寨币强势反弹 $BTC