Bitcoin today is showing a pattern of oscillating decline, starting from a high point around 79,158 early this morning, repeatedly testing key support levels before weakening further. During the session, it rebounded multiple times but faced resistance, currently trading near the 80,200 level. The battle between bulls and bears intensifies, with bearish forces gradually gaining dominance. Ethereum's movement remains highly correlated with Bitcoin, simultaneously starting to decline from a high of 2,342, with the lowest dip reaching around 2,297. The rebound is weak, showing a consistent weak-following trend, with the market moving downward in tandem.

On the daily chart, the upward channel is gradually converging. After experiencing consecutive resistance during upward surges and a continuous decline in trading volume, the market has shifted from a previous oscillating upward rhythm to a weak pattern of high-level resistance and decline. Bearish momentum continues to be released, causing short-term moving averages to turn downward and forming a death cross with medium- and long-term moving averages. This pattern indicates a phased turning point in the daily bullish trend, with ongoing downside risks and an extended correction cycle. The four-hour chart continues to show a weak downward trend, with prices consistently pressured below the moving average system, steadily declining, exhibiting technical features of oscillation and weakness, further reinforcing the foundation for the daily bearish trend.

Currently, the market rhythm indicates that bearish forces are still being released. Short-term rebounds are not signs of trend reversal but typical technical corrections, mainly to accumulate energy for further declines. On the hourly chart, the MACD bearish momentum histogram continues to expand, and the RSI indicator repeatedly stagnates in oversold territory. There are no clear signs of bearish momentum exhaustion, making the short-term weak pattern difficult to change. Today's trading strategy mainly focuses on shorting during rebounds, with resistance levels at 80,800-81,200 and support levels at 78,500-78,000. Rebound resistance zones can be used to gradually establish short positions, with strict stop-loss settings to control position risk.

Specific trading suggestions: Pay attention to resistance at 80,800-81,300, 82,000-82,500, and 84,500. Once these levels are confirmed to be under pressure, consider attempting long positions at lower levels, with a target of 500-6,000 points downward. Breaking and stabilizing above 84,500 signals a potential overall trend reversal; without this, the bearish outlook remains intact.