Every squat is to leap higher; every fluctuation is a litmus test of faith. What truly matters is not the current account balance, but whether you can sow seeds when others are in fear and maintain your inner compass amidst the noise. Bitcoin found a bottom at 75,700 this morning and rebounded slightly, currently oscillating around 77,000, with a short-term continuation of a weak pattern. The tightening expectations triggered by the nomination of the new Federal Reserve Chair still suppress risk assets. Coupled with the emotional contagion from the big crash of the market, risk aversion remains, and Bitcoin buying momentum continues to be weak.

From a technical perspective, the market’s weak pattern has basically been established. Regarding BTC, the MACD and RSI indicators are weakening simultaneously, with bearish momentum continuing to be released, indicating a strong trend continuation. Short-term support focuses on the 75,000-76,000 range; if this level is broken, the price may further decline to the critical 70,000 level. For ETH, the price has broken below the previous support zone of 2550-2600, and RSI has entered the weak zone. If it cannot hold the key support at 2350-2400, the bearish trend will be further reinforced. Overall, the market’s short- to medium-term outlook remains bearish. Until key resistance levels are effectively reclaimed and stabilized, all rebounds should be viewed as opportunities to short rather than signs of trend reversal.

Trading suggestions:

Short around 75,000 for Bitcoin, target 72,000
Short around 2,250 for Ethereum, target 2,000