Early-week Bitcoin trend weakens again, continuing to decline from the 77,700 level yesterday, dropping to around 76,000 in the early morning before a slight rebound, currently oscillating near 77,000. Previously, a short position was suggested around 77,600; the market moved as expected, with Bitcoin smoothly fulfilling a 1,700-point correction, while Ethereum also followed with a 60-point pullback.

From the chart, the daily line shows consecutive declines with a clear bearish arrangement, the market focus continues to shift downward, and selling pressure above keeps releasing. The four-hour chart also indicates weakness; although there is some sideways correction in the short term, the rebound strength is very weak, and it faces resistance and falls back upon touching short-term moving averages. Trading volume shows decreasing rebound volume and increasing decline volume, with clear capital outflows and no signs of stabilization or reversal. The outlook remains unchanged, mainly favoring trend-following short positions.

For Bitcoin, short around 77,500-78,000 on rebounds, targeting 75,500-74,000.
For Ethereum, short around 2,150-2,180 on rebounds, targeting 2,050-2,010.

#PYTH今日解锁21.3亿枚代币 $BTC $ETH