Bitcoin overall shows a volatile downward trend today, retreating from yesterday's high around 77,888 under pressure, continuously losing short-term support during the oscillation, with the lowest dip reaching the 74,868 area, and the current price trading near 75,720. Ethereum's movement is highly correlated with Bitcoin, starting its decline from the 2,340 high point, dropping to the 2,220 low point, showing a consistent weak follow-through trend throughout, with significant market linkage.

On the daily chart, the downward channel continues to expand, after experiencing a high-level stagnation and completing a bullish-to-bearish shift, the market has switched to a oscillating downward rhythm. Bearish momentum is gradually releasing, driving the moving average system into a synchronized resonant decline pattern. This formation indicates that the market trend has clearly reverted to a bearish dominance, and this downward trend has strong persistence and structural stability. The four-hour chart continues to show a weak decline pattern, with prices steadily falling along the lower boundary of the channel, exhibiting technical features of a one-sided weak downward movement, further solidifying the daily trend of bearishness. Currently, the market rhythm indicates that bearish forces are still accumulating, and short-term rebounds are not trend reversals but typical pressure-induced traps, mainly aimed at accumulating energy for further declines. Today's trading strategy remains focused on rebounding to lay out short positions.

Specific trading suggestions: Pay attention to the resistance at the 76,300-76,800 and 77,300-78,000 zones. If resistance holds, consider shorting from above. Look for support at the 74,800-74,300 zone; if broken, continue to target the lowest levels around 72,000-71,300.