The current market display is clearly dominated by the head pattern. After a slight spike up, selling pressure is heavy; it continues to face strong downward pressure and falls back in a choppy consolidation. The head lacks the momentum to mount a meaningful rebound. Overall, the market is weak: in the short term, it will likely continue to drift lower in a weak, range-bound move. Any rebound is feeble, and the downward trend is hard to change.

At the daily timeframe, the formation is weakening and the center of gravity is shifting downward, indicating structural weakness. On the 4-hour cycle, it shows a standard stair-step downtrend, with a clear head pattern trend. At this stage, any small short-term rebound is only a technical correction and a brief bounce during the decline; it is difficult to break through resistance or reverse the trend. Going forward, it will most likely continue to probe lower in weak consolidation.

btc rebound near 80200-80800; support below at 79200-78000

eth rebound near 2300-2340; support below at 2260-2180