Hello everyone, happy weekend! Time flies so fast! The last week of this month is about to begin. Let’s first take a look at the chart! Bitcoin tested the bottom around 77100 in the early hours, quickly stabilized, and then rebounded steadily; it’s currently trading in a range around 77500.

After the big drop, a technical rebound/repair rally has played out. However, the key strong resistance above has not yet been fully broken through. Rebound momentum has started to slow down, and the overall bearish trend hasn’t been reversed. In addition, since overall weekend market activity is relatively subdued, there’s a high likelihood of the market “washing” back and forth in the range. The risk of a pullback after rallying remains significant. In terms of execution, we still mainly go with selling/shorting at rebound highs, using dip-buying for short-term long positions as a supplement.

Now that the rebound is nearing the resistance zone, upside momentum has clearly weakened. Heavy sell pressure at higher levels is starting to emerge. At this point, chasing the rally has a very low cost-performance ratio; there’s always a chance of hitting resistance, pulling back, and weakening again at any time.

## Trading suggestions

Short in the 77850–78350 range at rebound highs; first target: 77150. If it breaks down, look for 77650 → 77000 → 76500.
Buy on dips in the 77350 range for a short-term long; first target: 77850. If it breaks up, look for 78250–78750$BTC $ETH .