Bitcoin overall shows a oscillating downward trend, starting a pullback from the high point of around 77,800 early this morning. During the oscillation and decline, it gradually broke below short-term support, with the lowest dip reaching the 76,051 area. The current price is around 76,722, showing a weak consolidation. Ethereum's movement is highly correlated with Bitcoin, starting its downward trend from the high of 2,168, with a low of around 2,102. Throughout, it exhibits a weak follow-through, highlighting market linkage and spreading bearish sentiment. On the daily chart, the downward channel continues to expand in an orderly manner. After a short-term weak rebound and completing a false breakout to gather strength, the market has successfully shifted to a steady oscillating decline. Bearish momentum is gradually released, driving the moving average system into a synchronized resonant downtrend. Multiple period moving averages such as MA15/30/60/90/120 are arranged in a bearish configuration. The MACD indicator's DIF and DEA lines have crossed downward, with the green bars enlarging, indicating a clear trend reversal back to a bearish dominance, with this downward trend showing strong persistence and structural stability. The four-hour chart continues with a weak decline pattern, with prices consistently under pressure from the lower channel boundary, displaying technical features of a one-sided weak decline, further solidifying the daily trend's foundation. Currently, the market rhythm indicates that bearish forces are still being released. Short-term rebounds are not trend reversals but typical false breakout and trap actions, mainly aimed at accumulating selling pressure for further declines. Today's early operations should focus on rebounding and setting up short positions. Specific trading suggestions: Pay attention to resistance at 77,300-77,800 and the two levels of 78,300 and 79,300. If resistance holds, consider high short positions, targeting a 500-6000 point decline. Breaking and stabilizing above 79,300 signals a short-term trend reversal.