Bitcoin surged to around 78,400 yesterday before facing resistance and pulling back, with the market continuing to weaken overnight, reaching a low of 77,202 support level. Currently, the price is trading near 77,500, maintaining a generally weak and oscillating pattern. After a round of decline, there was a slight rebound and correction, but the rebound strength is clearly insufficient, with poor continuity. Market trading volume continues to shrink, and the key resistance area above is clearly suppressing. The current bearish dominance has not changed, and the overall rhythm remains that after a rebound is blocked, it weakens again. In terms of trading strategy, continue to mainly short at rebounds and take short-term long positions at low levels as a supplement. From a short-term structure perspective, the rebound momentum continues to weaken, the downward trend remains intact, and chasing gains at high levels carries higher risk with lower cost-effectiveness. Once selling pressure above is fully released, the market still has room to decline further.

Today's trading suggestions:
If the rebound reaches the 77,700-78,200 range, consider gradually opening short positions, with the first target at 77,000. If it effectively breaks below, then look further down to around 76,500.
If it retraces to stabilize around 77,000, you can take a small long position with a target near 77,600.