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Bitcoin market ended the third wave of daily-level upward movement from the 11th, and has begun to consolidate and decline. Currently, it is in a downward three-wave correction, with a short-term brief rebound on the daily chart that still continues to decline. The main resistance for Bitcoin's rebound is around 79,500. The chart below shows that in this first wave of daily-level pullback, the target is around 73,500. Whether it can trigger a new upward move at that level requires further observation. The main medium-term trend is judged to be a weekly-level rebound. Since it is a rebound, the pattern will be diverse, especially since Ethereum has already shown signs of a breakdown and downward movement.