Midnight market retraced to the 77000 level and then experienced a corrective rebound, the price surged to around 78100 and faced resistance before falling back, currently oscillating around 77600, and yesterday's low position long positions were also successfully realized for profit.

The market remains in the technical repair stage, last night’s retracement fully released short-term selling pressure, and the rebound trend confirms that the short-term bullish structure is intact. The four-hour Bollinger Bands are generally trending upward, with the middle band support tested multiple times, and support strength remains solid. The 78000 level is a key resistance point; before a successful breakthrough and stabilization, the market is likely to retreat and gather strength. Intraday, the bullish outlook is maintained, and buying on dips is advisable.

Bitcoin retraced near 77000-76500, with an upward target of 78800-79500.
Altcoins retraced near 2120-2090, with an upward target of 2200-2300.