Bitcoin is currently hesitating around 78,100, just now the bulls tried to push up to above 78,400, but were immediately pushed back by the bears, leaving a long upper shadow, clearly indicating heavy selling pressure overhead.

Currently, both bulls and bears are on the sidelines, neither daring to take reckless action, just oscillating within the small range of 78,000 to 78,300. The resistance at 78,500 is strong; if it can't break through, it will remain in a weak sideways trend. The key support at 77,800 is crucial; once broken, it is likely to continue downward to find a bottom.

Don't rush to act at this level; it's better not to place orders if you're unsure. Wait until the direction is clear before entering the market. Steady and cautious trading is stronger than anything else; the market never lacks opportunities. #BTC