5.1 Afternoon Analysis: Slow Upward Move Meets Resistance, Bearish Structure Still Dominating the Market

From the four-hour cycle structure, the BTC market is gradually rising in a steady consolidation, supported by consecutive small bullish candles, with a relatively mild pace and a slow, steady upward advance. After the price rises to the key resistance level at the middle band of the Bollinger Bands, it is directly met with clear selling pressure and suppression. On multiple short-term attempts to push higher, it fails to break through effectively; after a spike upward, it quickly turns and falls back, showing that sell pressure above is highly concentrated. Layer upon layer of bearish selling pressure presses down, firmly locking the upside space.

Overall, the bigger picture is still controlled by the bearish trend. On lower timeframes, any phased rebounds have consistently failed to receive follow-through from increased volume; they are only weak technical repairs. Bullish upward momentum remains relatively weak and lacks sufficient force. Without enough buy-side support, it is unlikely to see a strong continuation where buyers launch a sustained offensive in the near term. Most likely, the market will continue to fluctuate in a pressure-and-consolidation pattern, with short-term action still mainly dominated by consolidation under pressure, making it difficult to show a breakthrough into a stronger trend.

Trading Suggestions:
Long/Short within the 77,500-77,000 range
Target: 75,000-75,500