Bitcoin and Ether Today’s Market Analysis

This morning, the overall crypto market initially rose then fell, with a very clear trend reversal. Bitcoin oscillated around 78,000 in the early session, steadily raising its price center, attempting to test the 79,450 high but encountering strong resistance.
After multiple attempts to break higher failed, the bullish momentum in the market completely weakened, and the selling pressure from bears surged, causing the price to drop rapidly. After breaking below key support levels, the decline accelerated until it barely stabilized at around 77,400.
In the afternoon, the market entered a static consolidation phase, mainly fluctuating within a narrow range of 77,800–77,300, with the overall price center moving noticeably lower. Both bulls and bears are temporarily in a stalemate, engaged in a tug-of-war.
Ether’s movement closely followed Bitcoin’s trend. It initially moved higher on the support of 2,360, breaking through 2,400 but then faced resistance and pulled back, with a low of 2,307. Subsequently, it maintained a low-range sideways consolidation, shifting from the earlier strength to a weak oscillation.
Structurally, on the four-hour chart, both Bitcoin and Ether closed with downward movement and bearish candles, breaking below short-term moving averages, indicating the bullish structure has already broken down.
Bitcoin’s key resistance is at the 78,500 zone, while support is at 77,300, which needs to be confirmed. For Ether, the resistance is at 2,350.
Currently, the short-term rebound strength is very weak, with no clear continuation of upward or downward trends. The market is in a low-level correction and shakeout phase after a rally, with overall weak oscillations, waiting for a decisive breakout in either direction.