Bitcoin overall shows a volatile downward trend, starting a correction from the high of around 79,360 early this morning. During the oscillation, it repeatedly broke through multiple short-term support levels, with the lowest dip reaching the 74,604 area. Ethereum's movement is highly correlated with Bitcoin, simultaneously starting a downward trend from the high of 2,397, falling to around the 2,157 low, displaying a consistent weak follow-through, highlighting the market's linkage.

On the daily chart, the downward channel remains clearly in place. After experiencing a short-term weak rebound and completing a bearish buildup, the market has clearly shifted to a steady oscillating decline. Bearish momentum continues to be released, driving the moving average system into a synchronized resonant downward pattern. The price has already broken below MicroStrategy’s average holding cost of $76,052, a key threshold. This pattern indicates that the market trend is now fully dominated by bears, and this downward trend is likely to be persistent and structurally stable. The four-hour chart continues to show a weak decline, with prices consistently constrained by the lower boundary of the channel, exhibiting technical features of a one-sided weak decline. The RSI indicator has fallen to 29.7 in the oversold zone, with no effective rebound signals yet, further solidifying the foundation for the daily bearish trend. Currently, the market rhythm indicates that bearish forces are still being released. Short-term rebounds are not signs of trend reversal but typical buildup actions for further decline, aiming to accumulate energy for subsequent deeper drops. This morning’s operations mainly focus on rebound-based short positions.

Specific trading suggestions: Pay attention to resistance in the 79,300-80,000 and 80,800-81,500 zones. If these levels hold without breaking, consider shorting from higher positions, targeting a decline of 500-6,000 points.