Yesterday's Bitcoin price action accurately reflected the expected trend, with the market smoothly moving over 2,000 points of space. Those who followed the rhythm have already secured steady profits.

The current structure is now very clear, with the daily chart showing a definitive top signal at the stage level. The likelihood of re-attempting and breaking through the previous high of 78,300 has significantly decreased.

After testing the EMA moving average resistance zone at high levels, the price quickly retreated, indicating typical heavy selling pressure, weak bullish momentum, and an obvious lack of continuation power. The daily candles have consecutively closed lower, completely engulfing the previous rebound space. The bullish strength continues to weaken, and the long upper shadow on the weekly chart further confirms the top resistance, establishing a basic top formation.

The overall market momentum has shifted to a bearish trend, with highs continually declining and lows consecutively breaking down, becoming the main theme. Rebounds are weak, and the pressure remains effective, with capital clearly fleeing. In the short term, a bearish outlook is necessary to capture the subsequent downward space.

Trading suggestion: For aggressive traders, short at the current price; for conservative traders, short near 76,400-77,000, targeting 74,600-74,000, with a break below 72,800.