Bitcoin broadly retreated from $77,300 in the early session yesterday to stabilize around $76,400, then rebounded to $77,500 in the afternoon before falling back to around $76,600. Although it pushed up to $78,000 in the evening, it failed to form an effective breakout above the overhead resistance. It then faced selling pressure and moved downward; as of this morning, the low has dipped to around $75,600.

On a larger scale, the market is still moving within a wide-ranging consolidation channel—$78,500 overhead forms clear suppression. Although there is a low at $74,200 below, the exchange of positions in that area has not been sufficient, leaving no strong evidence of support. In the short term, price is repeatedly pulling back and pushing within the box range, and neither bulls nor bears have the strength to break the stalemate.

On the 4-hour chart, the upper and lower Bollinger Bands are converging and flattening, and price is moving back and forth around the middle band. The MACD shows only weak bullish momentum (red histogram bars), and the RSI is hovering in the 40–50 range, with no clear direction.

For trading, you can take advantage of range-bound tactics—sell near the top of the range and buy near the bottom. Watch resistance around $77,500–$78,000 above, and note support around $75,500–$76,000 below, while waiting for a breakout with increased volume to confirm the direction.