The current price is hovering around 78,100, trading with narrow fluctuations above the four-hour Bollinger middle band. The upper band at 78,800 faces clear pressure, while the lower band should be watched for short-term support.

Bearish signals from the technical indicators continue. The MACD green histogram is expanding, and a death cross at high levels is pointing downward,
bearish momentum continues to be released. ATR is falling, market volatility is narrowing, and heavy selling pressure at high levels
is gradually intensifying.

Next, focus on the resistance in the 78,500-79,000 range. If it cannot break through effectively, it is likely to pull back, and attention should be on support at 77500-77000.

In the short term, bullish volume is insufficient, so it is not recommended to chase the price up. Prefer making short-term back-and-forth trades within the range, with strict stop-losses, and be alert for a breakdown that triggers a one-sided trend. $BTC $ETH #比特币ETF期权持仓限额增4倍