On the larger cycle structure, the overall downward adjustment trend on the weekly and daily charts remains unchanged. Although the daily chart briefly showed three consecutive bullish candles, most of them are long upper shadow candles, which fully indicate strong resistance above, insufficient bullish rebound sustainability, and persistent selling pressure that has yet to be released.

From the small cycle structure perspective, the four-hour level continues the second wave of decline, with the market remaining in a downtrend. The phased rebound cannot form an effective reversal, and the overall trend shows a weak rhythm of sideways correction combined with gradual downward buildup. The 77887 level has become the second-highest point of this rebound, with the bears continuing to increase volume at this position, and during the oscillation, the center of gravity keeps shifting downward.

Currently, the market is moving in a stepwise, circuitous decline, with short-term highs continuously moving lower and lows repeatedly tested. Each test of the lows further increases the probability of a breakdown. The hourly chart shows more obvious resistance signals, and multi-cycle bearish resonance is gradually strengthening.

At this stage, focus on the effective breach of the 76000 level. Once this level is lost, the downward space below will be fully opened. The overall trading strategy is to follow the trend, mainly shorting on rebounds during the day.

Within the day, consider short positions on Bitcoin rebounds between 77000-77500, with a stop-loss set at 78500, targeting 76000 and 75000. #股票交易挑战最高赢17000U #美军打击伊朗 $BTC