This morning, after the price retested the support near 77,200 and then probed again around that level, it once more moved into a modest rebound to correct, but the overall momentum remains weak. Volatility during the daytime session continues to narrow, and the market rhythm has clearly shifted into a weak range-bound consolidation phase. The bearish structure has not changed. Based on the current trend, each round of rebound has its high point shifting lower, indicating that sell pressure above remains clearly present, so the short-term approach should still focus mainly on shorting rebounds. For “Big Cake” (BTC), watch for short orders around 78,000, with a target near 77,000; for “Second Cake” (ETH), watch for short orders around 2,150, with a target near 2,100.