The morning Bitcoin continues its weak sideways downward trend, rebounding to above 78,000 in the early hours before facing resistance and falling back again, now breaking below short-term support, with bearish sentiment dominating again. Currently, the price hovers around 77,000, and the overall trend remains weak.

From the market perspective, the daily chart has four consecutive bearish candles, losing the middle band of the Bollinger Bands; the four-hour chart continues to decline along the lower Bollinger Band, with the channel opening downward, indicating a clear bearish trend with strong downward momentum. The one-hour rebound has been consistently blocked at the middle Bollinger Band, followed by increased volume and weakening, with obvious selling pressure above. The Bollinger Bands are still opening downward, with the price near the lower band, and short-term moving averages are arranged in a bearish configuration. The overall structure is weak and downward, with a short-term risk of further downside.

Bitcoin rebound around 77,600-78,300 is a short position, with a target of 75,500-74,000.
Altcoin rebound around 2,150-2,180 is a short position, with a target of 2,050-2,010.