Today’s white plate failed to rise strongly, stuck in the dense lock-in zone of 77,800–78,000, repeatedly under pressure, with the bulls’ upward momentum clearly weakening.

Hourly/4-hour indicators diverge at high levels, short-term moving averages turn downward and are somewhat bearish, with the night mainly oscillating at high levels, washing out and sweeping losses back and forth, making it difficult to see a one-sided big rise.

Upper resistance: 78,500–78,800; strong resistance at 79,400–80,000 (do not consider bullish unless broken)

Short-term support: 77,000 (nighttime lifeline)

- Strong defense: 76,500–76,200 (directly turn weak and revert to correction if broken)

Driving logic

1. The easing of Middle Eastern geopolitical tensions is below expectations, and risk aversion sentiment repeatedly pulls the market.

2. The Fed’s delay in interest rate cuts suppresses risk assets, and funds are cautious, unwilling to chase highs.

3. Previously trapped high-position longs are concentrated in selling, with each rebound accompanied by selling pressure.

Night trading suggestion: Light short positions near 78,400 on rebounds facing resistance, with stop-loss above 78,900. $BTC