Bitcoin overall shows a pattern of high-level resistance, oscillating and pulling back. Since the high point around 82,500 early this morning encountered resistance and pulled back, during the oscillation downward process, it continuously lost short-term support, with the lowest dip reaching the 80,225 area, currently trading around 80,686. Ethereum's movement remains highly correlated with Bitcoin, starting to decline from the 2,370 high point, dropping to the 2,310 low point, showing passive follow-down and weak correlation characteristics throughout, with market risk-avoidance sentiment clearly heating up.

On the daily chart, upward momentum gradually diminishes. After experiencing consecutive surges, the volume was insufficient, failing to effectively break through the previous strong resistance zone, shifting into a high-level top-building and pullback phase. Bearish momentum continues to release, causing short-term moving averages to turn downward and form a death cross. The MACD red bars keep shrinking, and the RSI at high levels turns downward. Technical indicators resonate and weaken, indicating that the short-term trend has shifted from bullish dominance to bearish advantage, with a clear downward adjustment rhythm and gradually solidifying structure. The four-hour chart shows double-top resistance and oscillating downward features, with prices continuously operating below moving averages. Rebounds are weak, with each rally serving as a secondary suppression opportunity for bears, further reinforcing the foundation for daily chart downward adjustments. Currently, the market rhythm indicates that bearish forces are still accumulating. Short-term rebounds are not trend reversals but typical weak rebound traps designed to lure in longs, mainly to clear out floating positions for further downside. Today's trading strategy remains focused on rebounding to lay out short positions.

Specific trading suggestions: Pay attention to the resistance at the 81,800-82,500 zone and the two levels at 83,300 and 84,500. If these resistances hold without breaking, consider going long. Expect a downward space of 500-6,000 points. Holding above 84,500 is regarded as a short-term trend breakout.