⭐ BTC Today's Market Update

Yesterday we mentioned that the BTC daily chart showed a Morning Star pattern, indicating a short-term rebound correction is needed. The highest rebound yesterday reached around 78,180, but the price was suppressed by the Vegas channel above and fell back again, indicating that selling pressure above still exists and the bullish momentum is not strong enough.
The daily candle closed as a doji star, representing that bulls and bears are still fighting, and no clear direction has been chosen. Additionally, the validator has turned downward, and the previously rising wedge on the daily chart has been broken, indicating the overall structure remains weak.
On the 4-hour level, BTC is currently around 78,000, unable to break higher multiple times, and 76,000 cannot be broken downward, forming a clear channel oscillation.
Today’s focus: resistance above 78,000—78,400; support below 76,500—76,000. Overall outlook: the market is oscillating with a bearish bias, and trading should follow the trend, mainly aiming for shorting on rebounds. $BTC