Bitcoin has now completely broken through the short-term upward price channel.

Yesterday, before losing the key support at 77,400, the market saw a slight rebound,
rising near the resistance level of 78,400, but the buying momentum couldn't sustain,
and it failed to hold above this resistance level.

After the rebound and breakout attempt failed, it continued to weaken downward,
relying on the decline to find new support levels for buying,
and subsequently, it directly broke through the price channel and the core support at 77,400.
Currently, from the market perspective, the previous support has turned into resistance,
with 77,400 being the strongest short-term threshold.
Only by regaining this level and returning inside the channel can the downward momentum stop,
and then there’s a chance to push again toward the 78,450 resistance level;
if 77,400 cannot be reclaimed, Bitcoin will continue to decline steadily,
all rebounds will be false moves, with no real upward momentum.

$BTC Even if there is a slight rebound after breaking below 77,400,
it is just a normal minor correction during the decline,
if it cannot break through the resistance, it will need to test the support at 76,400 again.
If this level holds, it can still attempt to reach the 77,400 resistance again;
if it repeatedly fails to break through, 76,400 will eventually break,
and then it will depend on whether 74,950 can hold the market.
In the short term, Bitcoin is stuck in a range-bound consolidation,
neither breaking above nor below, just oscillating sideways,
waiting for the next directional move.
Currently, key resistance levels are 77,400, 78,450, and 79,420,
while core supports are 76,400, 74,780, and 73,430.

$ETH Looking at Ethereum, the four-hour chart shows a weak trend,
after breaking below key levels, it continues to look for support at 2,225 and 2,166.
Although ETH previously oscillated within a range and briefly broke below it before recovering,
it is now testing the bottom of the range again.
Once it fully breaks below, it will test the support at 2,260,
and if that cannot hold, it will head straight for 2,200.
To have a short-term rebound, it must break through the 2,315 level,
then look upward toward 2,330 and the middle of the range.
If it cannot break through, all rebounds will be futile.