Bitcoin is trading sideways at a high level. The price is fluctuating between 77,000 and 80,000, with no major surge or drop—bulls and bears are stalemated, waiting to choose a direction.

The 79,500 level above is considered short-term resistance. If the price rises to here but can’t break through, this is a short-term high; if it can break through, it will move toward above 80,000.

The 77,300 level below is support. If the price falls to here and can’t drop further, it will rebound; if it breaks below, it will continue to fall. Watch more, act less—don’t enter positions rashly. Wait until the price clearly breaks above 79,500 or breaks below 77,300, and only once there is a clear direction should you consider trying a short-term position with a small size. Make sure it’s a small position.

**Go long:** Pull back to 77,500-78,800, enter with a small position once it stabilizes, set the stop loss at 77,000, and look for targets of 78,500-79,500.

**Go short:** If the rebound to 79,500 can’t break through, enter with a small position, set the stop loss at 80,000, and look for targets of 77,500-77,300. $BTC $ETH #比特币ETF期权持仓限额增4倍