Bitcoin overall remains in a weak oscillating pattern, with the price once again testing around 76,000 before briefly stabilizing, but the rebound strength remains limited. The two dips in the early morning failed to truly break below support, and currently the market is still fluctuating between 76,000 and 77,000, with no real break of the overall sideways pattern. From a higher-level structure perspective, the current chart looks more like a technical rebound after a bottoming process, with room for further upward retracement in the short term, focusing on the gap near 78,000. However, it’s important to note that the overall trend remains bearish, with highs gradually decreasing, and the market still lacking genuine upward momentum. Each time the price rebounds to a key resistance area, there’s no willingness to push higher; it quickly faces resistance and falls back, indicating that market sentiment remains cautious, and the overall rhythm is still mainly sideways and weak.

In simple terms, the current market situation is: the decline is unsteady, the rise lacks strength, and the oscillation is just a process; the bearish rhythm remains unchanged. Therefore, in terms of trading, continue to adopt a strategy of shorting on rebounds, gradually building positions on dips, and always ensure good defense when adding at high levels.

Bitcoin (BTC) short between 77,200 and 77,600, with an intraday target of 76,500
Altcoin (ALT) short between 2,130 and 2,150, with an intraday target of 2,055