Today, Bitcoin continued to weaken after being pressured around 79,000, breaking below the 78,000 level. Although it rebounded slightly to around 78,100, the rebound was weak, indicating a typical retest after a breakdown. 78,100 still remains below the breakdown zone, and the bearish pattern has not changed.

From a technical structure perspective, the 79,000-78,000 area was previously a key zone of contention between bulls and bears. Today, it was effectively broken through by consecutive bearish candles, indicating that this area has shifted from support to resistance. The hourly moving average system shows a bearish alignment, with the MACD fast and slow lines running below the zero axis. Although the green momentum bars have shortened, they are still expanding, and the rebound is merely a technical correction. If the 78,100-78,500 zone cannot be effectively reclaimed, bears may initiate the next downward move at any time.

Ethereum also weakened today, performing worse than Bitcoin. Although it followed Bitcoin's slight rebound, the strength was clearly insufficient, and an effective bottom structure has not yet formed. The 2,250 level has turned into a short-term strong resistance, with key support below at the 2,200 round number. If this level is lost, the downside space will further open.

On Saturday, volatility increased, and Bitcoin effectively broke below the critical psychological level of 78,000, turning technicals bearish. The rebound around 78,100 can be seen as a bear’s short covering or a confirmation of the breakdown, rather than a trend reversal. Those holding short positions can continue to defend within the 78,500-79,000 range, betting on a second downward move; short-term support below includes 77,500 and 77,000. Until the price stabilizes above 78,500, a bearish outlook should be maintained.