Afternoon BTC Thought Process Analysis

After the market surged and hit resistance, it pulled back; this is normal market fluctuation. The key observation point for this round of adjustment is $77,000. This level is the core trend support on the daily chart.

Core Ideas and Strategy Scenario Inferences

1. If support holds (Scenario A): If the current price is supported above $77,000, the overall long structure has not been broken. Next, watch for a third attempt to push higher. The key resistance above is still around the $79,500 area. If there is an effective breakout, the upside potential may target the $81,000–$83,000 range. For short-sellers, this is an area to observe for reducing positions or taking profit/closing.

2. If support fails (Scenario B): If the price’s daily body closes effectively below $77,000, it means the short-term trend is weakening, and it may test the $75,000–$74,000 area for support. At that time, you can observe whether this zone can stop the decline and stabilize, and it may serve as a potential point to watch for a rebound trade.

Summary: The current focus is the $77,000 line—the key divider between long and short. In terms of execution, it is advisable to wait for the market to make a clear decision at this level before formulating a follow-up plan. Until support is confirmed, stay patient and avoid excessive trading when the direction is unclear.$BTC $GT $ETH