Current price: 78,100, retraced from the high of 79,400 last night, completing a wave of overbought correction, and testing the previous breakout platform.

Structure: The medium-term bullish trend remains intact; this is a retracement and consolidation phase within an upward correction, not a trend reversal.
Key signals:
Indicators: RSI, Stochastics retreat from overbought zones, momentum is being repaired, and downward momentum is beginning to weaken.
Support: Around 78,000 is a strong support zone (former neckline + moving average support), selling pressure is easing.
Resistance: The first resistance above is 78,800, with strong resistance still at the 79,400-80,000 zone.
Prioritize retracement for long entries
The larger-scale bullish structure remains intact; this retracement is a healthy correction within the upward trend. The 78,000 zone is a key support; if it stabilizes, there’s a high probability of another push towards 79,400.
Entry: 77,500-78,000
Zhi Sun: 77,200|
First target: 78,800
Second target: 79,500
Trading plan? No chasing, only light positions at high levels for strategic play $BTC $ETH #比特币反弹