Today's market has concluded, consistently providing the correct insights. Bitcoin encountered strong resistance after reaching a high of 82488 during the day, and subsequently faced downward pressure, dropping to a low of 78606; Ethereum experienced similar fluctuations, rapidly retreating from a high of 1627 to a low of 1483. The entire day's market has been captured. The market is that easy to navigate; keeping up is like picking up oil.

Currently, the market on the daily level has formed a pattern of probing highs and then retreating, with a large bearish candlestick indicating a downward pullback, and the price has dropped to below the middle band of the Bollinger Bands, suggesting that the short-term trend is beginning to weaken, with a tendency to test the lower boundary of the range again. The current focus is on the key low point of 76000; next, it is crucial to observe whether the downward probe in the early morning can successfully break through this level. On the 4-hour chart, the market shows a series of consecutive bearish candles, with prices returning close to the lower range. Although Bitcoin broke through the high-pressure level yesterday, it did not demonstrate a strong upward trend, nor was it able to establish a foothold above, quickly retreating instead. This trend indicates that in the short-term market, bears still dominate the situation. However, after continuous declines, there are signs of a rebound; if the bears cannot continue to exert pressure and break below the key support, the bulls may take the opportunity to counterattack. It is advisable to first look for the continuation of the bearish trend.

Bitcoin can be shorted in the range of 79000-79500, targeting around 77000,

Ethereum can be shorted in the range of 1480-1530, targeting around 1400.

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