Evening Bitcoin Market Outlook

Bitcoin finally experiences a slight fluctuation in the evening, with the price briefly breaking through the triangle consolidation pattern, but it has not escaped the core range of 78577—77153. Overall, it remains in a range-bound oscillation pattern.
On the chart, the key resistance at 78577 has been tested twice by the bulls but was rejected each time, showing clear resistance. Future market focus should be on the support strength of the triangle's upper boundary:
• If the price retraces and stabilizes above the triangle's upper boundary, bulls still have a chance to push toward the high of the range again;
• Once the triangle's upper boundary is effectively broken downward, the price will return to trade within the triangle range, and with repeated resistance, the support at 77153 is likely to be broken.

Trading Suggestions:
Long entries on the right side: Break above and hold above 78159 with volume, then follow up with long positions;

Short entries on the right side: Price drops below 77763 with volume, and a rebound fails to recover the level, consider short positions;

Strictly set stop-losses throughout to manage risk.

Hourly Chart
Hold above 78159, short-term rebound targets are 79423—80771; continuous pressure at 78159 indicates bulls have no room to gain momentum.

4-Hour Chart
If the support at 77302 is effectively broken, the market weakens and declines, with the lower range at 76126—74949.

$BTC
#WCTC交易王PK