Bitcoin’s current price is currently holding steady at around 78,000. Yesterday, we clearly provided our key judgment: after the price breaks above the 76,600 level, it will move upward to test the 78,000-80,000 range. The current price action is fully in line with our expectations, and we accurately delivered on the prediction.

From the structural chart below, it is clearly visible that Bitcoin has always been running steadily by relying on a lower-timeframe rising channel, with lows and highs lifting in sync. The bulls’ rhythm remains healthy and orderly. Today’s price has already reached the previous high near 78,500, and the bullish-bearish battle has entered a critical stage.

Next, the focus should be on whether the 78,500 area can achieve an effective breakout. If price holds above this level, it will open up a new round of upside room. The main resistance above is concentrated in the resonance area between the channel’s upper boundary and the upper boundary of the bearish flag structure, corresponding to the 79,600-81,000 range. In terms of trading, strictly follow the established strategy, and manage risk and position sizing ratios.
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