Evening BTC

After Bitcoin previously broke below the original bullish trend line, this trend line completed a support-resistance switch, directly turning into a strong resistance. To halt the decline and start a rebound, the market must see a volume breakout above this downward trend line and stay above 76,101; otherwise, a rebound cannot be expected.
Currently, the bullish trend structure above 76,101 has been broken, and the support at 75,600 has not yet been effectively broken. Before the US stock market opens, the market is likely to remain in a range of 75,600-76,101 for consolidation and volatility, and the true direction will only be clear after the US market opens.
Pay close attention to two key boundary levels:
1. Only if the price stabilizes and breaks above 76,101 will there be a chance to challenge the 78,193 resistance again; sustained pressure below 76,101 indicates no rebound strength for the bulls.
2. If the price effectively breaks below 75,600, the bears will regain momentum and revisit the previous low; if the previous low is broken, the downtrend will further intensify.
Trading suggestions:
A volume breakout above 76,069 for Bitcoin can be followed on the right side to chase the rebound;
If it breaks below 75,630 with volume and fails to recover, follow the trend and go short, strictly setting stop-loss throughout.
Hourly chart: Break above and hold 76,069, targeting the 77,298—78,097 range; if unable to stay above 76,069, the bullish trend is invalid.
4-hour chart: If effectively broken below 75,603, look for a decline to the 74,547—73,755 range.
$BTC