BTC is in a very weak market, the direction will be determined after the European session!

To be honest, currently Bitcoin is generally in a weak downward trend, unable to hold above the 78,000 level on Monday, and on Tuesday it experienced another decline, with the weak trend continuing. Overall, this round of BTC decline is mainly driven by tightening market expectations, geopolitical tensions fueling inflation, and the continued strength of the US dollar—all three factors working together. In the short term, as long as oil prices stay high and US bond yields remain volatile at high levels, the price of cryptocurrencies will still face ongoing downward pressure.

Yesterday, it again dipped near 7,600, then rebounded to around 77,000. This deep dip is a clear bottoming pattern.

Many people believe this wave of BTC correction was unexpected, starting from around 82,000 and falling all the way to 76,000, a drop of 600 points. But the more this happens, the more Bitcoin bulls are determined to fight back. We continue to expect a bottoming rebound, with resistance still around 78,000 to 79,000.

For BTC trading, suggest buying at 768-765, with a stop-loss at 758. Target breakout above 77,950 to see 78,600-79,100.

With a 800-point tolerance, if broken, support levels are at 75,166 and 74,500 for partial positions.

ETH trading advice remains at long positions around 2,088 with capital preservation. After securing the capital, add positions at 2,079 and 2,050 in batches.