In terms of the current market situation, the morning opened with a direct decline of 3000 points, and the situation is already quite clear, with not much to elaborate on. The direction of this wave of market is clearly heading towards the 70000 mark. As emphasized in yesterday's analysis, any rebound that occurs is an excellent shorting opportunity.

From a technical structure analysis, the daily chart shows a unilateral downward trend, and the overall market rhythm is extremely weak. The short-term has begun a series of consecutive declines and has caused the moving average indicators to form a death cross at a high level and diverge downwards. In the short cycle, a staircase-like downward structure is clearly visible, with prices continuously breaking through several key support levels. The current downward trend has not yet stopped. It is expected that the intraday market will continue to explore downward, and once there is a slight rebound, one can decisively go short.

Considering the situation from various aspects, today's market situation is not optimistic, and attention must be paid to the price's downward breakout. At this stage, there is no great need for further analysis; subsequent operations should proceed firmly in one direction. The resistance level is around 80000, while the support level is around 75000 and 73000.

The intraday trading strategy is actually very simple. After a significant decline in the short term, a rebound usually follows, and everyone just needs to grasp this pattern of shorting during the rebound.

For Bitcoin: 79300-79800 range, looking towards 78000-77500-77000

For Ethereum: 1850-1870 range, looking towards 1820-1790-1760