Morning Thoughts

After probing and rebounding at the 4-hour level and reclaiming the midline, the bullish momentum has not continued strongly. Currently, it is stuck in a high-level sideways consolidation and correction. The trading volume of the bullish pattern gradually weakens, further increasing the possibility of losing the midline. The bearish pattern is likely to remain mainly oscillatory, with particular attention to the strength shift during the European trading session. The direction of the bullish pattern often hinges on a single decision.
At present, market volatility is high, and the pattern switches quickly. The rhythm is likely to involve a winding, repetitive oscillation and decline. Whether this is a buildup for a reversal or a high-level resistance before a pullback still requires further confirmation of the pattern.
The first support below remains at the midline, which is crucial for the bullish pattern's contest and also the dividing line between short-term strength and weakness. The bearish pattern is close to this level; a brief false break below the midline followed by a rebound cannot be ruled out. However, based on the current structure, it is more inclined to turn at this point and weaken again downward.
In the morning, the continuation of the price decline is still favored.

Trading Suggestions
Bitcoin around 76,500–76,800, with a target of 74,500
Ethereum around 2,340–2,370, with a target of 2,250