Bitcoin overall shows a oscillating and weak pattern, with a brief rebound from the low point around 76,518 early this morning, rising to the high area near 77,849 before encountering resistance and falling back. The current price is around 77,820, and during the rebound, it has never effectively broken through the 78,000 integer resistance level, displaying a typical lack of momentum to push higher. Ethereum's movement remains highly correlated with Bitcoin, starting its weak rebound from the low of 2,102.64, rising to a high of 2,149.16 before facing resistance and falling back. It follows Bitcoin's oscillating downward trend throughout, highlighting the market's linkage, and the overall weak pattern of mainstream coins remains unchanged.

On the daily chart, the downward channel continues to operate effectively. After experiencing a short-term weak rebound and failing to break through key resistance, the market remains in a oscillating downward rhythm. Bearish momentum continues to be released, leading to a bearish alignment of moving averages, with the 5/21-day moving averages exerting strong pressure on the price. This pattern indicates that the trend is clearly dominated by bears, and this downward trend has strong persistence and structural stability. The four-hour chart continues its oscillating downward pattern, with prices consistently pressured below the middle band of the Bollinger Bands, with rebound highs gradually declining. Trading volume remains low, showing typical bearish technical features, further solidifying the daily trend of a bearish run.

Although the MACD indicator's DIF remains above DEA, the red bars are shrinking, indicating insufficient bullish momentum, and overall it stays below the zero line, confirming the continued downward trend. The RSI hovers around 40 without showing oversold signals, so short-term downside risks still exist.

The current market rhythm indicates that bearish forces continue to dominate. Short-term rebounds are not trend reversals but typical weak rebounds designed to lure more sellers, mainly to accumulate bearish momentum for further declines. Today's morning operations mainly focus on rebounding and establishing short positions.

Specific trading suggestions: Pay attention to the resistance at the 78,300-78,800 zone and the two levels at 79,300 and 80,800. If these resistances hold without being broken, consider high short positions, aiming for a 500-6000 point drop. Watch for a breakout and stabilization above 79,300; if it breaks and holds above 79,300, it can be seen as a short-term signal for a second upward attempt, and you can try to buy low based on the 79,300 level.