BTC is currently in a double bottom confirmation pattern + daily DMI upward trend confirmation + multi-timeframe serious overbought situation:

Bullish scenario: Double bottom pattern confirms the bottom, daily DMI upward trend confirms, 4-hour moving averages are in a solid bullish alignment, with increasing volume rally, ETF has been net inflow for 8 consecutive days + Strategy/BlackRock institutions increasing holdings + SEC regulatory friendliness + weekly bullish support band breakout. If volume breaks through $79,300 and stabilizes above $80,000, a trend reversal can be confirmed, targeting $83k–$84k (multi-month downtrend line), and long-term $97,000+.
Bearish scenario: 4-hour CCI severely overbought (190) + daily overbought (CCI+WR+KDJ) + immediate resistance at $78,700–$79,300 not broken + $80,000 heavy selling pressure zone + $83K–$84K multi-month downtrend line suppression. If a pullback breaks below $77,200–$77,300 (immediate support), the downward target is $76,000 → $73,700–$73,400 → $69,000.
Trading suggestions:
Maintain a bullish bias above $77,200: double bottom confirmation + daily DMI upward trend + 4-hour moving averages in a bullish alignment, with strong support at the bottom and trend.
Watch for $79,300 breakthrough: volume breakout above this level is the first step to short-term strength, then challenge the psychological barrier of $80,000.
$77,200–$77,300 is a short-term pullback observation zone: if the price stabilizes here with buy support, consider a small long position, with a stop loss below $76,000.
Losing $77,200 turns cautious: immediate support broken, observe whether liquidity support at $76,000–$76,600 can hold.
$80,000 is the key point for bulls and bears: a breakout indicates trend reversal toward $83K–$84K, failure to break may lead to continued oscillation with a bullish bias but overbought correction.
Severe overbought on the 4-hour chart warrants caution: CCI=190 is an extreme overbought signal, with a high probability of a pullback after a short-term rally, avoid chasing highs.