$BTC $ETH Yesterday morning, the market dipped to around 74,500 and stabilized after hitting bottom. It then entered a slow upward correction with oscillations. After the US stock market opened in the evening, it surged to around 79,300 but failed to break through resistance and retreated again. The overall market continues to show a weak oscillating and consolidating pattern!

From the current market situation, after a sharp decline earlier, the market has not experienced a strong rebound, but is only in a weak correction phase with sideways movement at low levels. The bullish momentum remains weak. Technically, the bearish trend is clear, with prices consistently under key moving averages, and the bearish dominance has not changed substantially.

Trading Strategies
Bitcoin rebound near 79,200-80,000 short position,
Take profit: 77,800-75,500
Stop loss: 80,600
Altcoin rebound near 2,370-2,410 short position,
Stop loss: 2,440
Take profit: 2,280-2,250
Bitcoin long position: around 75,000-74,400 long,
Stop loss if it breaks below 74,000; rebound after a dip does not count.
Altcoin long position: around 2,275-2,220 long.
Stop loss: 2,210
Take profit: 2,340-2,380