Yesterday, the market surged but faced resistance and pulled back, with the bulls losing momentum. In the early hours, the trend further weakened, dropping to around 76,100. The price center of gravity continued to shift downward, and the intraday weakness became clear.

Overall, the market shows a five-day consecutive decline on the daily chart, continuously suppressed by moving averages. A bearish trend has formed, with volume leaning bearish. The four-hour chart displays a standard downward structure, and the rebound is only a weak correction with no reversal momentum. The hourly rebound is very weak, with multiple resistance levels densely packed above, limiting upward space. The downward trend remains highly persistent, so future trading should mainly focus on trend-following short positions.

For Bitcoin, consider shorting near 77,300-77,800 during rebounds, with a target of 75,500-74,000.
For Ethereum, consider shorting near 2,150-2,180 during rebounds, with a target of 2,050-2,010.