Today's outlook:

Bitcoin surged last night, reaching a high of 79,400 before facing resistance and pulling back, then entering a continuous downward trend, with a low around 78,100. Early this morning, it dipped near 77,500 and quickly recovered, currently oscillating around 78,000.

After encountering resistance at the high, the bullish momentum quickly exhausted, with the highs gradually decreasing, and the downward pace becoming obvious. The 15-minute Bollinger Bands remain trending downward, and the rebound is weak, with a temporary slight stabilization. After the high-level pullback, volume continues to be released, and the downward momentum persists. The rebound strength is extremely weak, and the overall intraday trend favors bears. It is recommended to face resistance during rebounds and mainly look for short positions; long positions are not advised for now.

In terms of pattern, after a rapid rise, the price quickly pulled back and weakened. The MACD on the 15-minute, 1-hour, and 4-hour charts shows a retracement trend, with volume decreasing. Short-term, a correction is expected. Resistance is around the 80k integer level and its vicinity. Currently, the price is relatively high, with significant risk in bottom fishing. The overall bearish pattern dominates, and selling pressure at high levels will further release.

Trading suggestions:
First aggressive level: Short at the rebound zone of 78,500-78,800, with the first target at 77,600. If broken, look further down to 77,000-76,500-75,000. Stop loss at 79,500.
Second conservative level: Short at the rebound zone of 79,800-80,300, with the first target at 78,500. If broken, look further down to 77,500-76,800-75,500.