Driven by overnight U.S. stocks, crude oil, and news sentiment resonance, Bitcoin rebounded from a bottom during yesterday's U.S. trading session, with the upward momentum continuing into the early morning, reaching near 76,500 at one point. However, as U.S. stocks closed, buying momentum rapidly diminished, and prices sharply retreated, currently consolidating around 75,700, with bulls and bears in a brief balance. From a four-hour perspective, after five consecutive bullish candles rebounded to the middle band of the Bollinger, they encountered resistance and ultimately closed with a bearish candle, with prices still below the middle band, indicating the downtrend remains intact. On the hourly chart, the rebound after the sharp decline is limited, and after encountering resistance a second time, it weakens again. Bullish trading volume continues to shrink, and the KDJ indicator's three lines are turning downward and diverging, indicating short-term bearish dominance. Overall, the rebound lacks sustainability, with significant selling pressure above. Trading strategies should continue to focus on shorting during rebounds. It is recommended to consider short positions around 76,200, targeting near 75,000, with a stop-loss above 76,700.