The market is operating entirely according to the morning short-selling rhythm, with Bitcoin and Ethereum both hitting new lows for this phase. The downward momentum remains strong, and the bulls have no resistance. Bitcoin's 15-minute cycle dropped directly from the rebound high around 77,500 to 76,014, setting a new low for this decline. It is currently fluctuating around 76,300, with the Bollinger Bands opening downward, and the candlesticks moving along the lower band. The bearish momentum continues to be released, with heavy selling pressure in the 77,000-77,300 range. The rebound has been unable to reach the middle band on the hourly level, clearly indicating a bearish dominance.

Ethereum dropped from the rebound high near 2,160 to 2,089, setting a new low for this decline. The selling pressure above the 2,130-2,150 range is obvious. The rebound has been consistently suppressed by the middle band, with insufficient bullish support, and the support levels below keep moving downward.

The current market is in a clear downtrend. Any rebound during the decline is an opportunity to add to short positions. Do not go against the trend to catch the falling knives.