Morning Analysis

Last night, the bulls attempted a midnight push higher. Bitcoin briefly surged to the 79,400 level, faced pressure and pulled back. It then quickly dropped further; bullish momentum was clearly exhausted. The highs moved lower step by step, and during the decline phase, trading volume increased in sync. Although there were signs of a temporary stabilization at lower levels, the rebound strength was weak. Meanwhile, volume remained tilted toward the bears. Overall, bears dominate throughout the day, and the strategy should mainly be to go short from higher levels.

Operation suggestion: Look for shorts around 78,500-79,000, target a move down to the 76,000 area. The defense (stop-loss) should be set according to your own position size.$BTC