Intraday Bitcoin resumes its typical chart pattern, with both bulls and bears fiercely battling and wide-range tug-of-war, causing the market to undergo another shakeout. First, the early rally, as expected, experienced a recovery and upward movement, but after the price surged to around 77,900 in the evening, it faced resistance and pulled back. Subsequently, the decline accelerated, and it is now oscillating near the 76,000 level. Today, we maintain a recovery outlook, suggesting two short-term trading opportunities: during the rally, consider taking partial profits at high levels and securing gains. Both short positions perfectly caught the bottom and exited near the top, successfully capturing 2,000 points on Bitcoin and nearly 100 points on the altcoin.

From the current market perspective, on the daily chart, Bitcoin topped out around 79,500 and then experienced a series of sharp rises followed by declines, forming long upper shadow bearish candles. The price broke through the short-term moving averages and the key resistance line, with only the long-term moving average remaining as the core support for this upward trend. The downward process was accompanied by increasing trading volume, indicating clear signs of panic selling, officially signaling a shift from a bullish trend to a phase of wide-range correction. Until the price reclaims the 79,500 high, the bullish trend is considered temporarily over. On the four-hour chart, after topping out, a typical stair-step decline pattern emerged, with each rebound accompanied by decreasing volume, while declines saw increasing volume. The bears hold dominant control, and after breaking through the middle of the oscillation range, the price continued to approach lower support levels, with no clear reversal signals yet. On the hourly chart, the market fully displays the intraday chart pattern: early rebound from lows, rallying to around 77,900 before encountering strong resistance, then a cliff-like plunge, with panic selling intensifying. The final phase entered a volume-contraction consolidation, with selling pressure weakening and a clear oversold condition appearing. Short-term technical recovery is possible, but the rebound strength is likely limited, making it difficult to reverse the medium-term weakness. Tonight, we can consider a short-term rebound for a quick correction, then look for opportunities to short at higher levels.

Bitcoin: 76,300–76,800, with a target of 74,500.
Altcoin: 2,300–2,330, with a target of 2,200.