Today, Bitcoin continued to weaken after being pressured around the 79,000 level. After breaking below the 78,000 threshold, it rebounded slightly to around 78,100, but the rebound lacked strength—this is a typical pullback to confirm a breakdown. With 78,100 still below the breakdown zone, the bearish structure remains unchanged.

From a technical structure perspective, the 79,000–78,000 area is the key range where bulls and bears previously fought for control. Today, it was effectively broken through with consecutive bearish candles, meaning this zone has shifted from support to resistance. The hourly moving average system is arranged bearish, and the MACD fast and slow lines are running below the zero axis. Although the green momentum bars have shortened, they are still in a volume-expansion phase, and the rebound is only a technical repair. If the 78,100–78,500 zone cannot be effectively reclaimed, the bears could launch the next leg lower at any time.

Ethereum is also weakening in sync today, with overall performance weaker than Bitcoin. Although it followed Bitcoin’s slight rebound, the strength is clearly insufficient, and an effective bottom structure has not yet formed. The 2,250 level has turned into a short-term strong resistance. Below, the key support to watch is the 2,200 integer level. If that level is lost, downside room will open up further.

On Saturday, volatility increased. Bitcoin effectively broke below the key psychological level of 78,000, and the technical outlook turned bearish. The rebound around 78,100 can be seen as short-covering or confirmation of a breakdown, not a trend reversal. For those holding short positions, you can continue to defend in the 78,500–79,000 area, betting on a second push lower. Short-term support below to watch is 77,500 and 77,000. Until the price re-stabilizes and holds above 78,500, maintain a bearish bias.