Bitcoin overall shows a volatile downward trend, starting to decline from the high point around 73,947 early this morning, repeatedly testing short-term support during the oscillation, with the lowest dip reaching the 72,582 area, currently maintaining a weak consolidation around 73,600. Ethereum's movement is highly correlated with Bitcoin, starting its downward trend from the 2,030 high point, dropping to the 1,967 low point, showing a consistent weak follow-through, with market momentum linked, and risk-averse sentiment dominating the market flow.

On the daily chart, the downward channel continues to operate effectively, after experiencing high-level oscillation and completing head formation, it has clearly shifted to a oscillating downward rhythm. Bearish momentum gradually releases, driving the moving average system into a synchronized bearish alignment, with MA5, MA10, and MA30 diverging downward in sequence. This pattern indicates that the market trend is clearly dominated by bears, and this downward trend has strong persistence and structural stability. The MACD indicator remains below the zero line, with DIF and DEA forming a death cross and widening, with bearish momentum bars continuing to expand, further confirming the validity of the daily bearish trend. The four-hour chart continues its weak downward trend, with prices consistently constrained by the lower channel and MA10, showing a one-sided weak decline. Every rebound becomes an ideal opportunity for bears to add positions, further solidifying the daily bearish trend. The RSI hovers below 40, indicating extremely weak buying power in the market and insufficient rebound momentum.

The current market rhythm shows that bearish forces still dominate, and short-term rebounds are not trend reversal signals but typical trap-and-distribute moves, mainly aimed at accumulating selling pressure for further declines. Today's operations should focus on rebounding and shorting.

Specific trading suggestions: Pay attention to resistance in the 73,800-74,300 and 76,000-76,500 zones. If resistance holds without breaking, consider shorting from higher levels, aiming for a 500-6000 point decline. Breaking above 76,500 and stabilizing can be seen as a trend reversal; around this level, consider low buying.