Yesterday's whiteboard, Bitcoin rebounded and surged to around 77,800 before facing resistance and pulling back, dropping again at 2 a.m., with the lowest touching the 74,900 level, a nearly 3,000-point correction. Yesterday, we maintained a high-altitude trading mindset; both Bitcoin and altcoins yielded full gains!

From the current market structure, on the four-hour chart, Bitcoin faced resistance after the rally and continued to decline, with highs gradually moving lower and lows constantly refreshing, forming a clear downtrend structure, and the bearish trend is evident. The market showed continuous volume increase and closed with a bearish candle, with selling pressure continuously releasing above, and bulls failed to form effective support. The price has broken through previous support levels, and the overall trend is extremely weak. The slight rebound during this period was only a correction within the downtrend. The previous support has turned into a strong resistance zone. If the price cannot regain stability in this area, the bearish dominance will be hard to reverse, and the market is likely to continue oscillating downward.

Trading suggestions:
Bitcoin rebounds around 76,500-77,200, with a target of 74,800-73,300.
Altcoins rebound around 2,280-2,310, with a target of 2,200-2,130.