Reviewing the daily market sentiment, Bitcoin rebounded from around 76,800 in the morning to face resistance near 78,100, then fell back to around 76,600 in the evening, followed by a wave of rebound up to around 78,000. This market movement is truly wild, it really hurt Old Yang’s heart. Today, Bitcoin unfortunately missed the mark by sweeping 710 points, but luckily Ethereum gained 70 points together, giving me a little comfort. Trading is a long-term practice, not a one-shot victory or defeat. Single wins or losses are not important; long-term stable profits are the ultimate victory. The market never pampers anyone; only those who respect the market can survive long-term. In the crypto world, in the end, it’s not about technology or indicators, but about mindset, discipline, and position sizing. Technology can be learned, but self-discipline is the hardest.

Currently, from the daily chart, the market shows a weak downward trend, still dominated by bears. Consecutive declines, weak rebounds. Bollinger Bands are opening downward, with the middle band forming strong resistance, price staying close to the lower band, bullish momentum exhausted, and a clear bearish trend. On the four-hour chart, Bollinger Bands are narrowing, with strong support at 76,500, indicating short-term consolidation and fierce battle between bulls and bears. Focus on resistance levels at 77,800-78,200, and support levels at 76,800-76,300. If it breaks below 76,000, further decline is expected. Ethereum’s weak rebound is linked to Bitcoin’s movement, with dense resistance above and downward momentum not diminished.

Bitcoin short at 77,800-78,200, target near 76,000
Ethereum short at 2,140-2,170, target near 2,000
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