Bitcoin intraday rally then pullback around 77,500, fluctuating sideways.


In the evening, market game-playing intensifies, key support and resistance levels, clear breakdown in one go.

First, look at the technical aspect: Bollinger Bands are extremely narrow, indicating a "consolidation" state.
After a narrow range, a quick one-sided move usually follows.
Tonight is very likely to break out in one direction.
MACD below the zero line shows a weak golden cross, insufficient momentum, a sign of a weak rebound, not a trend reversal.
Although bulls are attempting, their strength is not enough to overcome the heavy resistance above.
Without increased volume, the golden cross is prone to failure, forming a "duck opening its mouth" secondary decline.

Macro background: geopolitical + Federal Reserve

① US-Iran situation — the most important short-term catalyst
② Institutional funds continue to flow in
③ FOMC meeting this Wednesday
If the Federal Reserve signals dovishness, BTC may break upward to test 85,000;
If hawkish stance continues, it may dip to 73,000.

Key patterns:

In the past 8 trading days, BTC has touched the 790-794 range three times and then pulled back, forming a "triple rejection" pattern.
There is significant recent buyer's breakeven selling pressure near this level.

Immediate support: 77,000
Immediate resistance: 79,000-79,500

Evening trading suggestion:
Stand above 78,200 with light positions to go long, stop loss at 77,500.
After resistance at 78,300, add short positions, stop loss at 79,000.
$BTC #比特币突破7.9万美元
BTC-1,78%
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