Bitcoin is showing a overall oscillating downward pattern. After a brief rebound from the low point around 73,820 early this morning, it gradually lost short-term support during the oscillation and declined again, currently facing resistance near 75,570, with the rebound strength continuously weakening. Ethereum's movement is highly correlated with Bitcoin, starting a weak rebound from the low of 2,280, rising to around 2,320 before quickly falling back. The entire process shows a lack of momentum to follow the rise and a tendency to fall easily and struggle to rise, highlighting the market's linkage.

On the daily chart, the upward channel has been broken. After experiencing resistance during a short-term rebound and divergence between volume and price, the market has shifted to a oscillating downward trend. Bearish momentum is gradually releasing, leading to a bearish alignment of moving averages. This pattern indicates that the market trend has clearly reverted to a bearish dominance, and this downward trend has phase persistence and structural stability. The four-hour chart continues with a weak oscillation pattern, with prices consistently pressured downward along the lower boundary of the channel, showing weak rebounds and step-by-step declines as technical features, further solidifying the daily trend of bearishness. Currently, the market rhythm indicates that bearish forces are still being released. The short-term rebounds are not trend reversals but typical trap-and-shake-out moves, mainly aimed at accumulating energy for further declines. Today's early operations should still focus on shorting during rebounds.

Specific trading suggestions: Pay attention to resistance in the 75,800-76,300 and 77,100-77,800 zones. If resistance holds without breaking, consider shorting from higher levels, targeting a 500-6000 point decline. Staying above 77,000 is regarded as a trend reversal signal.