From the intraday trend perspective, Bitcoin continues its oscillating downward movement, gradually weakening after being pressured around 79,400 early in the morning. Multiple rebounds failed to effectively break above 79,000, with the high points continuously moving lower; in the morning, the decline accelerated, and the price once broke below a key support level, with a quick dip touching around 77,410. After a brief liquidity release, it rebounded to around 78,200, but the rebound was limited and failed to recover the decline, with the current price trading around 78,000. Ethereum's trend is similarly weak, with a high point near 2,412 early in the morning, then oscillating lower throughout the day. The rebound highs gradually moved down, and after touching around 2,330 at midday, it experienced a technical correction, with a rebound to about 2,355 encountering resistance, ultimately falling back to around 2,340 for consolidation. Overall, the intraday market remains dominated by a bearish trend.

Based on yesterday’s positioning, the short positions entered at high levels during the earlier stage were optimized through tactical adjustments during the pullback, improving overall holding costs. As the market declined to the low region, the rebound provided a relatively calm profit-taking window, and the overall profit realization was naturally aligned with the market movement.

From the current market structure, the 1-hour chart shows that Bitcoin has formed a clear downward channel, with highs continuously moving lower and lows simultaneously refreshing, indicating a complete trend structure. The current rebound has failed to stabilize above 78,200, suggesting that the bullish recovery momentum is insufficient, and the 78,500-79,000 zone has become a short-term resistance area. On the 4-hour chart, after the recent high, the market entered a correction phase, with moving averages beginning to turn downward, but no clear sign of a trend reversal has appeared, indicating that the market is still in a pullback stage. Ethereum on the 1-hour chart also shows a continuous weakening structure, with prices gradually declining and unable to break through the 2,360 resistance zone. On the 4-hour chart, after breaking below the previous consolidation range, the downward trend continues, with no signs of stabilization in the short term.

Overall, the current phase is a weak rebound within a bearish trend. The trading strategy should focus on shorting during rebounds, paying attention to resistance zones for phased entries. Once the market again breaks below the intraday low, Bitcoin still has room to decline, and Ethereum will weaken accordingly. #以太坊Meme季卷土重来 $BTC