Currently, the coin price is in a narrow sideways consolidation around $78,000, with both bulls and bears in a brief stalemate. Although yesterday's rebound after testing the low of $74,600 has recovered some of the downward momentum, the overall market trend remains clearly bearish. The intraday strategy is to continue shorting on rebounds.

Short in the $79,100-$80,000 range, with a target of $77,500-$76,000.

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