Currently still in a consolidation phase, the Bitcoin midday spike briefly pushed up to around 78,500 before facing resistance and pulling back. The afternoon adjustment didn't show much strength either. Our prior guidance on high-level adjustments has been provided in advance, which is why we've been reminding everyone that if you haven't entered during the daytime, you can wait until the evening session to re-enter; those who entered early should consider adding positions when opportunities arise. Currently, the key resistance is at the 79,500 level. In the future, a continued increase in volume by the bulls might reach that point, but overall breaking below remains difficult. Tonight, look for a good entry point at a high level to take on short positions.

From the current chart, the four-hour timeframe shows four consecutive bullish candles pushing upward, opening the upward channel. The rally is mainly characterized by large-bodied candlesticks recovering previous losses, with little correction points. Indicators are gradually entering overbought territory, but there are no signs of a reversal yet. In the short term, the bulls may continue for a while, but after the indicators become overbought, there is still room for a pullback and correction. Tonight, focus on whether the bulls can sustain volume and break through and hold above 79,500, which will be an important milestone.

The current price consolidation is a typical short-term correction pattern. The bulls may continue to rebound within the 78,500-79,500 range. Consider entering short positions; traders who entered at the bottom in the morning might consider adding to their positions. The target adjustments remain focused on 77,000 and 75,500. #比特币反弹 $BTC $ETH