Reviewing the early morning market, the overall remains in a range-bound consolidation phase. After Bitcoin broke below the 80k level early on, it quickly retested around 79,500 to stabilize and halt the decline; although there was a brief rebound during the session that reclaimed above 80k, the bullish momentum was insufficient, and the overall remains in a predominantly bearish oscillation pattern. Ethereum's movement is roughly synchronized with Bitcoin, with the market rebounding to around 2,300 and facing resistance before falling back; the downward retest did not break the key support at 2,280. Our bullish outlook from yesterday was perfectly executed: in the morning, the market was mainly short-term trades, with the afternoon and evening also primarily focused on short-term waves. Yesterday evening, triggered by news, after the US stock market opened, a spike caused our midday and evening swing traders' longs to be temporarily trapped. I clearly indicated during the session to add a position at 79,500, ultimately bringing the average price to the 80,000–80,300 range. In the end, our swing traders successfully exited the position. For daytime trading, the strategy remains to mainly short at high levels, patiently waiting for a valid breakout before following the trend for subsequent moves.

Currently, on the 4-hour chart, the overall market maintains a low-range box oscillation pattern, with the previous resistance area now reaching the critical watershed between top and bottom reversal. The market needs to establish a solid bottom and stabilize around 79,500 to have the technical conditions for a rebound and continuation of the bullish trend. The daily candlestick shows a large bearish candle, with bearish momentum continuing to expand, so downward risk must be closely monitored. The overall trend remains bearish; the trading approach stays aligned with the main idea of shorting on the trend. If the price further declines, focus on the key support at the 78,000 daily middle band; once signs of stabilization appear at that level, consider positioning for low-level longs.

For Bitcoin, personal advice is to short in the 80,000–80,500 range, with a target of 78,500.

For Ethereum, personal advice is to short in the 2,290–2,320 range, with a target of 2,250.