May 2 Afternoon Analysis: Support Turns to Resistance, Bearish Dominant Rhythm

The morning rally faced resistance and pulled back, with the 78,900-79,600 pressure zone remaining effective, breaking below key support. Technical indicators all turned bearish, and the trend fully aligns with the forecast, with the market steadily moving downward toward the 77,500-76,800 target.

The current market overall continues the weaker pattern seen in the morning, with the bulls struggling after the rally, and resistance above is very evident.
The trend has already shifted from support to resistance, with technical formations weakening across the board, and the bearish rhythm fully dominating.
Short-term rebounds are corrective in nature, with limited strength, making it difficult to return to a strong trend.
Overall, the market leans toward a weak consolidation, with sentiment remaining bearish.
Subsequent moves will likely continue to face resistance during rebounds and follow the weak trend, so patience is advised until further downside is realized.
Trading suggestion:
Enter short positions near 78,500-79,000 on rebounds
Target around 77,500-76,800. $BTC $GT $ETH