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The current market is generally bearish, with short-term bearish sentiment dominating, and there has been no strong rebound to recover the trend.
Resistance levels above are continuously moving down, with highs consistently declining. Yesterday's day and night trading sessions continued to weaken, further opening the downside space, and the correction has been quite sufficient.
On smaller timeframes, the main focus is on oscillating consolidation to digest the trend, but there is still a risk of inertial downward movement. Currently, the market is in a tug-of-war between bulls and bears, and the trading strategy is mainly to follow the short side.
My personal suggestion is to short Bitcoin at a rebound of 80,000-80,500, and continue to look for a drop to 77,500.