Morning Analysis

Last night, the bulls attempted to push higher at midnight. Bitcoin was temporarily lifted to the 79400 level, then met resistance and pulled back. After that, it quickly probed downward; bullish momentum was significantly exhausted. The recent high kept stepping down, and during the decline, the trading volume increased in sync. Although there was a brief sign of a bottoming out at lower levels, the rebound strength was weak. The volume still leaned toward the bears. Overall, the intraday market is dominated by the bears, and the strategy should focus on going short from higher levels.

Trading suggestion: Look for shorts around 78500-79000. Targets are in the 77000-76000 range to the downside. Stop-loss: 79700$BTC $ETH