At the daily timeframe level, the overall market structure is a choppy drift downward, with no clear reversal signal yet. In the near term, price action is mainly characterized by a wide-range oscillation with back-and-forth trading, and the center of gravity is slowly moving lower.

The prior peak resistance at 7w6 is strong. The price has bounced back to this level multiple times, but each time it quickly falls back. The bulls lack strength to push higher, and sell pressure above is evident.

The daily candle has a bearish long upper shadow, similar to the pattern of the prior high. This forms a clear double-top structure and releases a bearish signal at a high level. On the hourly chart, there are already signs of a turn downward; bull momentum is weakening, and short-term pressure is making the market weaker.

Overall, during the day, the main focus is to trade rebounds to sell (place orders on rebounds), and position accordingly in line with key resistance levels.

btc rebounds near 74800-75200, watching down toward 74000-73000

eth rebounds near 2350-2390, watching down toward 2300-2200