Early morning Bitcoin experiences a deep waterfall, precisely dropping near 77,500. Yesterday's bearish outlook was perfectly fulfilled! This round of rally was entirely a tactic by the main players to lure more buyers and squeeze out short sellers. We have always adhered to not chasing the rise, only shorting at high levels, with the rhythm fully aligned with the trend.

Technical analysis is clear: since April, Bitcoin has remained in an upward channel, currently touching the upper band, forming a classic "compression—waiting for a breakout" pattern. The daily RSI is forming a symmetrical converging triangle, not overbought, indicating buying momentum still has room to continue; however, the 4-hour chart shows bearish divergence, with short-term momentum continuously weakening, signaling an imminent reversal window!
Trading suggestions:
Bitcoin: rebound between 78,400-78,800, target 77,000
Alts: rebound between 2,370-2,380, target 2,310
$BTC $ETH