Over the weekend, boosted by positive news from US-Iran negotiations, $BTC rebounded about 3000 points from its low, forming a V-shaped reversal. However, the mid-term bear market structure remains unchanged—this is just a corrective rebound during the downtrend. 77600 is a short-term resistance level, currently being tested for the third time. The breakout probability is average, so short positions can be considered. 78000 USD is the key neckline/previous high and serves as the dividing line between strength and weakness. If it breaks out with volume, stop loss. Short-term support: 76000 USD. If this level breaks, the rebound fails, and weakness resumes. The current rebound hasn’t changed the primary downtrend; it’s only a secondary correction. Without a volume-backed breakout above 78000, it’s hard to call it a reversal. Trading strategy: Avoid blindly going long. Consider shorting near 77600 with a stop loss at 78100.