Reviewing the evening market, Bitcoin initially rallied during the night, with the bulls increasing volume and adjusting. Bitcoin once recovered to around 77,700, but faced resistance and was pressured. After the US stock market opened in the evening, it pushed the market trend, but ultimately the bears remained dominant. Bitcoin once dropped to around 76,000, and has now stabilized, currently oscillating around 76,400 for consolidation. Ethereum's approach is basically the same as Bitcoin's; during the night, it briefly recovered to around 2,150 but faced resistance. As the bears further increased volume and adjusted, the price gradually declined to around 2,090 for consolidation, without further testing the key support at 2,080. Today’s spot trading strategy remains mainly bearish. Bitcoin’s two short positions today gained 1,950 points. Ethereum and Bitcoin are both deeply positioned for shorting, with a total gain of 125 points. Any short-term trades today are not included in the table statistics.

On the daily chart, after encountering resistance at 81,900, a series of downward candles has formed, with the price center of gravity continuously shifting downward. The moving average system is diverging in a bearish manner. This is what we previously mentioned — in a weak market, it’s not the number of bearish candles that matters, but the lack of strength in bullish candles. The small bullish candles from a couple of days ago were completely engulfed by the preceding bearish candles, a classic downtrend continuation pattern. Under this structure, don’t rush to bottom fish; bottoms are formed, not guessed. The 76,000 level is now in a repeated testing phase. As long as this level is repeatedly consumed, the risk of a downward break will continue to accumulate, and the downside space will further open up to 74,000 or even lower. On the four-hour level, the pattern shows full-bodied bearish candles, with rebound bullish candles being very short, and each rebound being precisely suppressed by the MA7 moving average, indicating that the bears still firmly control the market rhythm. The indicator KDJ has entered the oversold zone but has not yet formed a valid golden cross rebound. This kind of low-level stagnation is a typical signal of continued weakness, not a reason to stop falling — the bears are still gathering strength. Under this structure, don’t be fooled by short-term sideways movement or weak rebounds; following the trend is the core principle.

Bitcoin can be shorted at 76,500–76,800, targeting around 75,000. Ethereum can be shorted at 2,100–2,130, targeting around 2,050–2,000.