From the four-hour timeframe, Bitcoin is in the early stage of high-level wide-range oscillation, with prices mainly moving back and forth within the 76,000-78,500 zone. Today's early trading session saw a large bearish candle that directly broke below the important four-hour support zone of 76,800-77,000, and also broke through the short-term moving average system, indicating a clear breakdown in structure.

Currently, the four-hour candlestick has formed a bearish candle with a long upper shadow, and trading volume has increased, showing that the bearish forces are temporarily dominant. However, from a larger structural perspective, the 78,000-78,700 zone remains an important central area, and this pullback can be seen as a test of that zone.
If the four-hour chart can hold the support at 76,000-76,500 in the future, there is still a possibility of returning to a range-bound oscillation; if it effectively breaks below 76,000 with increased volume, the medium-term trend will turn bearish, and further decline to the 74,000-75,000 zone should be watched.
Ethereum's four-hour trend is similar; it previously oscillated with Bitcoin at high levels, and today’s large bearish candle also broke down, indicating a weakening short-term structure. Pay attention to whether the support in the 2080-2120 zone remains effective.
Trading Suggestions
Bitcoin: Long positions at 76,000-76,500; if a reversal signal appears on the four-hour chart, consider scaling in with small positions for a low-cost entry, targeting 77,800-78,500.
Ethereum: Light long positions at 2080-2100, targeting 2130-2160.