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Last month, Bitcoin dipped below the 75,500 level, and the weekend rebound was weak, repeatedly testing this level. The bearish pattern has become clear.
The MACD green bars continue to expand, and the RSI is weakening simultaneously. Bearish momentum remains strong, with a strong trend continuation. The short- and medium-term dominance is entirely bearish, and the overall bearish tone remains unchanged.
Core view: Until key resistance levels are effectively broken, any rebound is a correction in a bearish trend rather than a reversal, making it an excellent opportunity to short in line with the trend.
Trading suggestions:
Bitcoin rebounds around 77,800-78,500 to short, with targets at 75,800-74,300.
Altcoin rebounds around 2,310-2,350 to short, with targets at 2,210-2,150.