Reviewing the intraday market, after the opening candle closed, there was a sharp surge to push higher, and Bitcoin once recovered some ground, approaching 79,500 before facing resistance and pulling back, without further upward breakthrough. At midday, the bears increased volume and pushed down again, briefly falling near 77,500 before encountering resistance. From afternoon to evening, the market was mainly consolidating. As the evening saw further increase in bearish volume, the price bottomed out around 76,500, with limited rebound strength. The current price remains around 76,700 in consolidation. Ethereum's movement is basically consistent with Bitcoin; early in the session, the bulls dominated, pushing up to around 2,400 before facing resistance and pulling back. As the market failed to stabilize above 2,380, bearish volume increased. In the afternoon to evening, it retreated near 2,300, rebounded with decreasing bullish volume, with 2,330 showing some resistance. Later in the evening, volume increased again, pushing down to around 2,270. For intraday trading, most are short-term positions, not included in official statistics. In total, Bitcoin had two short positions today, capturing a 2,350-point move, while Ethereum followed Bitcoin's layout, gaining 115 points. The market is difficult to trade mainly because you can't recognize the trend clearly. Leave professional matters to the professionals.

Looking at the current chart, after several days of adjustment, the daily structure finally broke below the support of 77,000 in the consolidation zone. The intraday rebound tested the high of 79,500, indicating insufficient buying capacity above and a need for further correction. As the price continues to retrace, short-term support to watch is the 120-day moving average, around 76,000, which also acts as resistance. The pullback may see some short-term small rebounds, but the overall trend remains downward. Currently, all indicators are turning downward, suggesting room for further volume expansion in the bears' favor. The middle band again links to the previous support at around 75,000, so during the correction, focus on these two levels before considering short-term longs for rebounds. Combining the 4-hour chart, a classic double-top pattern is visible, with MACD divergence previously mentioned multiple times. The current volume rebound has not reached oversold territory, so the market's rebound will likely remain weak. Tonight, the strategy remains to maintain short positions.

Bitcoin can be shorted around 77,000-77,500, targeting near 75,000. Ethereum can be shorted around 2,280-2,300, targeting 2,250-2,200. #比特币突破7.9万美元 $BTC $ETH