Reviewing the early morning market, it is still in a consolidation phase. After Bitcoin broke below the 80k level early this morning, it quickly retraced to around 79,500 to halt the decline. Although it recovered above 80k during the session, there was no strong momentum, and overall it remains in a range-bound state. Ethereum's movement is basically consistent with Bitcoin's, with a rebound to around 2,300 facing resistance and pulling back. The downward test did not break the key support at 2,280.

For the daytime trading, it is recommended to maintain a mainly bullish outlook, waiting for a breakout signal before considering further continuation.
The four-hour chart still shows a bottom-side oscillation, with previous resistance reaching a key turning point between top and bottom. If 79,500 shows signs of building a bottom, there is a possibility of further recovery and bullish continuation. The large bearish candle on the daily chart indicates increased selling volume, so caution is advised against further bearish volume expansion and decline. Structurally, the outlook remains bearish, with further downside targets near 78,000, which is around the middle band of the daily chart, to attempt long positions again.
Bitcoin can be shorted in the 80,000-80,500 range, with a continuation to watch for a break below 79,500 towards 78,000. Ethereum can be shorted around 2,300, with a target of 2,280-2,250. #BTC回调 $BTC ‌$ETH ‌