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After midnight, the bears maintained full control, with Bitcoin oscillating and weakening, small rebounds at low levels lacking strength, and the rebound failing to continue, leading to further declines.
The overall market structure is clearly bearish, with the price center of gravity continuously moving downward. Short-term repairs are just mid-course adjustments during the decline, with insufficient reversal momentum, still favoring a bearish trend. Rebounds are weak, and in the short term, the market remains in a volatile downward pattern.
Trading suggestions:
Short Bitcoin at 77,500-77,700, target 75,500
Short Ethereum at 2,150-2,170, target 2,050