⭐ BTC Today's Market Update #美批准中企采购英伟达H200芯片

Daily Chart:
BTC has once again broken below the ascending wedge channel and closed with a bearish candle, erasing yesterday's gains, indicating the overall structure is beginning to weaken.
Currently, the price is around 78,900, which is a previous high turned support level, and also close to the Fibonacci 0.5 support level, providing some short-term support. Since the market is weakening, we should follow the trend and look for short opportunities at the rebound resistance levels.
4-Hour Chart:
BTC is still within the short-term upward channel, with several recent pullbacks to the lower trendline being supported, and yesterday’s dip to the bottom saw a rebound.
Today, focus on two key levels:
Upper Resistance: Around 79,400
This is the previous high resistance and the 4-hour upward trendline resistance. If the price breaks above and stabilizes, there is still a chance for a further rebound, targeting around 82,000, or even challenging the highs again.
Lower Support: Around 78,000
This level is very critical and has been emphasized many times before.
If 78,000 breaks downward, it would be a break below the previous low, and this rebound would essentially be over. The daily chart is likely to form a flag pattern and continue downward, seeking support further down.
Today’s Strategy:
If unable to hold above 79,400, the rebound is weak.
Breaking below 78,000 opens up more space for a bearish move.
The daily chart has already turned weak, so the main trading approach is to short on rallies.