Bitcoin overall shows a oscillating downward trend, starting to decline from the high point around 74,046 early this morning. During the oscillation downward process, it gradually broke through short-term support levels, with the lowest dip reaching the 72,319 area. Ethereum's movement is highly correlated with Bitcoin, starting its downward trend from the high of 2,198 and dropping to the low of around 2,120. Throughout the process, it exhibits a weak follow-through pattern, highlighting the market's linkage.

On the daily chart, the downward channel continues to expand in an orderly manner. After experiencing a short-term strong rebound and completing a full surge to attract buyers, the market has successfully shifted to a steady oscillating downward rhythm. The bearish momentum is gradually released, driving the moving average system into a synchronized resonant decline. This pattern indicates that the market trend has clearly reverted to a bearish dominance, and this downward trend is likely to be persistent with a solid structure. The four-hour chart continues to show a weak decline, with prices steadily moving along the lower boundary of the channel, demonstrating a one-sided weak downward technical characteristic, further reinforcing the foundation for the daily bearish trend. Currently, the market rhythm indicates that the bearish force is still accumulating. The short-term rebounds are not trend reversals but typical trap moves to lure buyers, aiming to gather energy for further declines. Today's trading strategy remains focused on buying the dips and establishing short positions.

Specific trading suggestions: Pay close attention to the key resistance at 74,500, monitor the pressure in the 74,500-75,000 and 76,500-77,300 zones. If the price holds above support levels, consider shorting from higher levels, targeting a 500-6,000 point decline. If the price breaks above 74,500, look for a second attempt to push higher.