Trading has been sluggish all night; prices neither rose nor fell significantly. Overall, the market is still oscillating within a range, with a low point around 78,300 in the early morning encountering resistance and bouncing back. However, the B price's rebound did not stabilize above the 79,000 level again. The overall trend remains relatively weak, still in a consolidation and accumulation phase. The second-tier coin retraced to 2,380, confirming a short-term bottom, but after recovering to around 2,400, it has not stabilized further. For traders with larger positions, when the market pulls back, look for opportunities to sell some remaining holdings first before continuing the pattern.

Currently, on the four-hour chart, after a series of bullish candles, it has turned bearish and is pulling back for consolidation. The market is still in a correction phase. The bulls, having increased volume, faced resistance at a key pressure level before the recent sharp decline and pulled back. Even if the bulls are strong in the short term, a retracement for secondary consolidation is necessary before further volume-driven upward movement. Given the current correction strength, it remains relatively small. Even if the bulls dominate, the market will likely retrace to the bottom of the upward channel for another rebound, continuing the secondary rally. Indicators are currently turning downward, with the potential for a death cross that could lead to increased bearish volume. The intraday consolidation is not a bullish correction but a bearish buildup. In terms of operations, continue to watch for retracements.

Bitcoin can be shorted between 78,500 and 79,000, targeting around 76,000. The second-tier coin can be shorted between 2,390 and 2,400, targeting around 2,330. #比特币反弹 $BTC $ETH