Bitcoin yesterday morning surged from $77,200 to $78,100, then consolidated slightly, retested $77,480 in the afternoon, and pushed up again to $78,194, but faced clear resistance above; before the US market opened, it fell back to a low of $76,696, and in the evening until early morning, it rebounded to around $78,000 before falling again, currently consolidating around $77,500.

From the 4-hour chart, the price is still operating below the middle band of the Bollinger Bands (about $77,700), with the middle band slanting downward, forming intraday resistance; the short-term moving averages MA7/30 are repeatedly entangled in the $77,500-$78,000 range, with an unclear direction.
The MACD lines are flat below the zero axis, with weak red histogram momentum, indicating that the bearish momentum is weakening but the bulls have not yet gained control.
The RSI hovers around 45, with no obvious overbought or oversold signals.
In terms of volume, the decline was accompanied by slight volume increase, while the rebound saw decreasing volume, reflecting insufficient market willingness to chase higher.
The area between $76,600 and $77,000 has experienced multiple tests and dips, forming short-term support; resistance is at $78,000-$78,200.
The overall range is oscillating, and trading strategies can rely on selling high near $78,200 and buying low near $76,600, waiting for volume breakout to confirm the direction.