The market trend on Wednesday, #币安HODLer空投BABY , was indeed volatile. In the morning, there were continuous spikes, with the lowest point reaching around 74500. Afterwards, it began to rebound from the bottom, stretching all the way to 78000, oscillating back and forth. As tariffs escalate, the cryptocurrency market has been continuously harvesting retail investors. It's important to remain calm during this time; it's better to stay in cash and wait for opportunities rather than entering blindly.
The Bitcoin daily chart has turned bullish again, showing a rebound from the bottom, which indicates that the support at 74000 is still very strong, as repeated dips have not been able to break through. On the four-hour level, it is still under pressure at the middle track, retreating upon touch without effectively breaking through the resistance level. Currently, it has reached the upper range of the downward channel, so it's better to treat it with a bearish outlook for now. Remember to maintain proper defense.
Short Bitcoin at 78000, watch at 76000.
Short Ethereum at 1520, watch at 1450.