Bitcoin returns to the 78,000 level, can the rebound continue?

Today, Bitcoin's overall trend remains relatively strong, maintaining a sideways upward pattern, with the price stabilizing above short-term moving averages, and the pullback being very limited.

The technical structure shows a clear bullish advantage, with the Bollinger Bands continuously supporting the price, bearish momentum steadily weakening, and all indicators turning into a bullish bias.

Market positioning remains healthy, with exchange reserves continuously decreasing, indicating weak selling pressure, supported by stable institutional funds, and a solid foundation for the bulls.

The market has repeatedly cleared out short positions, trading sentiment continues to improve, and the macro environment shows no signs of negative suppression.

The market has built up enough momentum to break upward, and the trading strategy should mainly focus on buying on dips. The upward potential above has already opened, so follow the trend and remain bullish, while strictly managing risk and stop-loss.

76700-77300 range is a buy zone, with a 500-point defense, targeting 80,000.