Reviewing the early morning market sentiment, Bitcoin has fallen from the resistance level around 78,400 to near 76,600, currently trading along the lower band of the spread. Ethereum is moving in sync with Bitcoin, oscillating around the support level near 2,100. The shorting idea provided by Lao Yang last night was also perfectly realized, with the trend fully in control.

Currently, the entire market is showing weak consolidation for Bitcoin, with high levels still in a retracement phase. From the daily chart, the spread remains close to the mid-range oscillation, with the range compressing, and the battle between bulls and bears intensifying, but no reversal signals are present.
On the four-hour chart, the bearish momentum still dominates, with Bollinger Bands opening downward, indicating short-term weakness. Focus on the support at 76,700; if broken, look for 75,700, with resistance at 78,500 during rebounds or corrections. Ethereum's bearish momentum continues to be released, with downward weakness oscillating and lacking upward energy.
The operational strategy is still recommended to revolve around positioning around Kongdan.
In the morning, short Bitcoin at 77,400-77,900, targeting near 76,000.
In the morning, short Ethereum at 2,140-2,170, targeting near 2,000.