Reviewing the early-morning market, after Bitcoin retraced and came back to the 76,000 level, it produced a short-term bottoming signal. The market also entered a phase of adjustment, and Bitcoin has once again reclaimed the area around 77,000. Ethereum is moving in basically the same way as Bitcoin: after a pullback and a test of the 2,080 support level, it delivered a rebound with momentum, and the market has once again reclaimed the area around 2,130 for consolidation. On the short term, the snapback is still structured under pressure, and the outlook is still weak—treat the consolidation structure.

From the four-hour perspective, after the candlesticks probed the low around 76,000 and rebounded, although they continued to close with small bullish candles, the bullish bodies are gradually shrinking. And every time price pushes above 77,300, it gets knocked back; upper wicks appear frequently. This is a typical sign of a rebound lacking strength—bulls simply cannot absorb the sell pressure above. The current price is moving right along the MA7 line, while the MA20 and MA30 above form a dense resistance zone in the 77,900-78,700 area. The volume cannot get through it at all. The KDJ indicator has entered the oversold region, but it still hasn’t manage to form an effective golden cross. The dulling at low levels is also a signal of continued weakness, not a reason to buy the dip.

Bitcoin can be shorted in the 77,300-77,800 range, and keep an eye on whether 76,000 breaks. Continue to focus on 75,000. On the short term, if the pullback to 76,000 clearly forms a bottom, then watch for rebound momentum to push higher and fill the 79,000 gap; reduce the amount when opening short positions. Ethereum is surprisingly similar—short 2140-2160, looking at 2080-2050.#加密市场下跌15万人爆仓 $BTC ‌$ETH ‌