Current situation: The low on April 21st was $74,694, rebounding to $79,344, now digesting gains between $77,000 and $79,000, with weakening bullish momentum and increased volatility.

• Key price levels

◦ Strong resistance: $81,000–$82,000 (historical trading volume zone + options resistance).

◦ First support: $75,000–$76,000 (100-day moving average + psychological threshold).

◦ Strong support: $73,000 (21-week moving average, the bull-bear dividing line).

• Catalysts and risks

◦ Positive factors: ETF capital inflows stabilize, institutional holdings (such as MicroStrategy) continue to increase.

◦ Negative factors: Options expiration on April 24–25 (about $2.2 billion), Federal Reserve rate cut expectations delayed, high interest rates suppress risk assets.

• Conclusion: The market is oscillating with a slight bullish bias. Holding above $76,000 could challenge $81,000; breaking below $73,000 may lead to a decline toward the $67,000–$70,000 range.