Good evening everyone, happy weekend!


Bitcoin retested 77,100 in the early morning and stabilized, then rebounded all the way up, now fluctuating around 77,900.

After the sharp decline, the recovery rebound looks promising, but the key resistance above has not been truly broken, and the rebound momentum is weakening. The overall trend remains bearish.
Market trading is quiet over the weekend, with many shakeouts; it’s easy to see quick pullbacks after a rally.
Overall, the operation is mainly to short on rebounds and buy small dips during pullbacks.

Now that it has reached near the resistance, it can’t go up anymore, and selling pressure above is gradually emerging. Chasing the rally at this level is purely risky, and it may encounter resistance and suddenly drop or weaken at any time.

Trading suggestions

Short at 78,350-78,850 on rebounds, with the first target at 77,250, and if broken, look at 76,750-76,250.
Buy small dips at 77,100-76,600 with short-term stability, with the first target at 77,950, and if broken, look at around 78,450.
BTC0.8%
ETH1.58%
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AskAboutEth
· 2h ago
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