Bitcoin (BTC) 4-Hour and Daily Chart Trend Analysis

4-Hour Trend Analysis

Within the 4-hour cycle, BTC previously dipped to 74,868.4 and then rebounded strongly, reaching above 78,000 (currently about 77,705.6). The candlestick shows a "bottoming out rebound - high-level oscillation" pattern, with the MACD forming a golden cross and the red histogram significantly expanding, indicating strong short-term bullish momentum; the KDJ is in the overbought zone (J value 112.2), alerting to potential short-term pullback risk; the CCI has risen to 148.4, approaching the overbought threshold. During the rebound phase, volume has increased notably but has recently contracted. Technically, short-term support is around 77,000 - 77,500. If the pullback does not break below this, the rebound may continue to test 78,500 - 79,000; if it effectively falls below 77,000, it could retest 76,000 or even the previous low of 74,868.

Daily Chart Trend Analysis

On the daily chart, BTC started its rally from 67,710.9, reaching a high of 79,455.05 before pulling back, currently consolidating around 77,717.4. The price remains above the short-term moving averages, maintaining an overall bullish trend, but the MACD has a death cross with the green histogram continuing, indicating a weakening of medium-term upward momentum; the KDJ lines are entangled (K: 49.1, D: 53.7, J: 39.9), with the direction unclear; the CCI has fallen to 75.9, returning to a normal range. Volume has shrunk significantly from previous highs, easing selling pressure but not completely eliminating it. Key support levels are at 76,000 - 77,000 (a break below could lead to a test of 74,000 - 75,000); resistance is at 79,000 - 80,000, requiring volume to break through to open new space.

Overall Conclusion

In the short term (4-hour), BTC is oscillating at high levels after overbought conditions, with rebound momentum not fully exhausted but caution needed for a pullback; the daily bullish trend remains intact, but medium-term momentum is waning, so watch for support at 76,000 - 77,000 and resistance at 79,000 - 80,000 to be broken. In trading, consider a light long position around 77,000 support with a stop loss at 76,500, targeting 78,500 - 79,000; if resistance at 79,000 holds, consider shorting with a stop at 79,500, targeting 77,500 - 77,000. For mid-term positions, wait for the daily MACD to recover or volume to break through 80,000 before adding more.