From a technical perspective, the daily chart shows a long lower shadow bearish candle, indicating that selling pressure still dominates. The rebound process continues to lack volume, representing a typical resistance rally in a bearish trend, primarily a technical correction, with no reversal signals appearing.

The market has now clearly entered a bear market cycle. 73,000 is not the bottom of this phase, and blindly bottom-fishing carries high risks. The strategy remains to short on rebounds at higher levels, follow the trend, and strictly control the risks of counter-trend bottom-fishing.

Bitcoin: Short around 76,800-77,600 on the rebound, targeting lower levels at 74,800-72,800

Ethereum: Short around 2,285-2,335 on the rebound, targeting lower levels at 2,180-2,100$BTC $ETH