BTC Intraday

BTC 4-hour timeframe has effectively broken below the 20-day rising channel, losing the key strong support at 77,500, and the short-term bullish upward pattern has been broken, with preliminary confirmation of a phase of bearish dominance signals.

The medium- to long-term trend remains unchanged from previous judgments. The current upward structure has shown clear signs of failure. If the key support level cannot be quickly reclaimed in the short term, the overall correction cycle is likely to be extended further.

The current market has completed the support and resistance level transition, with 77,500 shifting from previous strong support to a core resistance level for the day. After a rapid decline, the price entered a rebound and correction phase, with volume decreasing in a stepwise manner during the rebound, and buying momentum is severely lacking.

The net long positions in the 24-hour contract market continue to decline, while net short positions keep increasing. The rebound momentum of longs is continuously weakening, and large capital has basically completed its high-level distribution.
The intraday trading focus revolves around the 77,500 bullish and bearish dividing line. If the price breaks out with high volume and stabilizes above 77,500, the short-term structure will be repaired, and the market may return to the upward channel. The upside rebound target is around the 80,000 integer level;

The first key support below is near 76,500. Once this level is effectively broken, the downward space will further open, with the next target directly at the 75,000 integer level.

In terms of trading strategy, the current structure mainly involves taking advantage of rebounds to establish short positions. Existing short positions at high levels can be held further, with targets gradually taken profit. Even if a short-term false rebound or a test of the previous high occurs, as long as 77,500 is not effectively stabilized, the core pattern of short-term bearish dominance remains unchanged, and upward space is very limited.