Bitcoin Daily Review + Evening Trend Forecast

Last night, Bitcoin surged to 79,400 then pulled back. Today, it has been fluctuating narrowly between 77,000 and 78,500, with the current price around 77,600. Volatility has significantly narrowed, indicating a typical "high-level shakeout and buildup."

Uncertainty in US-Iran tensions + the pressure from trapped long positions at high levels suppress bullish momentum; meanwhile, continuous ETF fund inflows + short squeeze pressure limit the downside, creating a tug-of-war at high levels.

Evening Trading Strategy:
Avoid chasing highs and avoid heavy positions: With current high-level consolidation, chasing longs is likely to be met with whipsaws, and holding large positions carries extremely high risk.
Trade only at the boundaries:
Long positions: Place orders only at the support zone of 77,300–77,500; abandon if broken.
Short positions: Lightly test the resistance zone of 78,800–79,000; stop loss and exit if broken.