BTC currently remains in a high-level narrow range consolidation, after yesterday evening's rally and push higher, it encountered strong resistance near 79,700 and pulled back, short-term bulls and bears are entering an extreme game zone.

Within the day, on the 1-hour level, support below is around 77,500; if it is broken and cannot be quickly recovered, it indicates the short-term rebound structure has been broken, likely initiating a trend of correction and testing the larger trend support; short-term intraday resistance is first seen around 78,000, with the core strong resistance during this rebound near 79,700. Only if this level is stabilized can the upward space be opened. The upper limit target is around 81,500. Before breaking through, do not blindly look for bullish chasing.