Bitcoin surged to 79,443 last night, encountered resistance and pulled back, now trading around 78,200 with weak oscillation.



The market's high point is moving lower, with increased volume on declines, and only slight stops at low levels. The rebound is weak, and the bearish trend is clear. The strategy is mainly to short on rebounds, with light long positions when support stabilizes.

15-minute candles are continuously closing bearish, with death crosses on indicators diverging, clearly signaling a top pullback. Support levels are repeatedly broken, making bottom-fishing risky. The bearish pattern remains unchanged, and selling pressure still has room to be released.

Bitcoin rebounds around 78,600-79,300, short at 77,600-76,800.

Ethereum rebounds around 2,390-2,420, short at 2,330-2,280.
BTC0.7%
ETH-0.63%
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