Bitcoin, the short-term volatility is getting smaller and smaller, continuously fluctuating within the 77,000-76,000 range throughout the day. From a daily chart perspective, the correction trend is very obvious, the overall trend remains weak, with strong bearish pressure above, and the downward trend has not yet ended.

On the 4-hour chart, after a rapid decline, the price has found some support around 76,000. The MACD has formed a golden cross below the zero line, and the red momentum bars are beginning to appear, indicating that there may be a short-term corrective rebound or consolidation. However, the middle and upper bands of the Bollinger Bands will be the main resistance during the rebound, and overall, it is still in a sideways oscillation within a bearish range.