The intraday market is about to complete again, after the US stock market closed yesterday, the coin price rebounded from the bottom, rising to around 77.4k before continuing the previous retracement trend. The market continued to decline slowly until the US evening session, testing the low point near 75.6k support. Then, the coin price entered a slow rebound and recovery phase again. The rebound and recovery idea suggested last night was accurately grasped. The long position below 76k suggested tonight is still being held. The intraday trend remains weak, repeatedly testing lows.

Looking at the four-hour chart, the coin price has been falling rapidly below the lower band with continuous bearish engulfing candles. The current price shows a long lower shadow. The ongoing US stock correction has not triggered a continued market decline. Combined with the sustained expansion of rebound demand, we expect the coin price to rebound and recover in the future.

In the short-term hourly chart, after facing resistance near the middle band, the coin price again dropped sharply with consecutive bearish candles. After testing support below the lower band, it formed a long lower shadow and rebounded for recovery. The KDJ indicator's three lines are gradually converging and forming a golden cross. The short-term bearish momentum is shrinking. Our short-term outlook remains on the coin price rebounding and recovering, with short-term dips suitable for adding long positions.

Bitcoin is around 75,800, watch for 77,000. Ethereum is around 2,270, focus on 2,320.