Morning Thoughts

Today, Bitcoin is generally consolidating at a high level, with the 74,000-79,600 USDT range being the recent core fluctuation zone. Both bulls and bears are repeatedly fighting around key levels, and the breakout direction will determine the next major trend.
Wedge structure awaiting breakout: The 4-hour chart shows the price in a "descending wedge" pattern, with horizontal support around 77,485, and resistance above from the descending trendline. If the upper wedge boundary is successfully broken, it often triggers a strong directional move after sustained compression.
Moving average bullish alignment: The daily EMA15, EMA30, and EMA60 are all trending upward, with prices operating along the moving averages, indicating a medium-term bullish trend.
MACD momentum weakening: The daily MACD red bars are continuously shortening, with upward momentum gradually diminishing. There is a short-term need for consolidation, but no death cross or reversal signal has yet appeared.
RSI neutral to slightly strong: The daily RSI is between 60-65, not entering oversold territory (above 70). Momentum supports continuation but is approaching a slight overbought zone.
Resistance above: 79,000 (upper boundary of the ascending channel), 80,000 (psychological level + resistance ceiling), 82,500 (200-day EMA macro resistance).
Support below: 77,485 USD (wedge horizontal support), 76,500 (recent strong support line), around 74,200 (area of dense long liquidation).
Trading suggestions:
Bitcoin near 79,500, target around 78,000
Altcoin near 2,400, target around 2,350