$BTC Today's Bitcoin Analysis

Bitcoin first retreated to the 77,100 level early this morning and quickly stabilized, then began to rebound and rally. Currently, it is consolidating around 77,500. After a sharp decline, the market has experienced a technical correction rebound, but the key resistance level above has not been effectively broken through, and the rebound momentum has started to slow down. The overall bearish trend has not yet changed. Additionally, with light market activity over the weekend and insufficient capital participation, there is a high probability of sideways consolidation, and the risk of a pullback after a rally still exists.
In terms of trading strategy, continue to focus on shorting at the highs during rebounds and buying on dips during pullbacks.
The current rebound is gradually approaching the resistance zone, with upward momentum clearly weakening. Selling pressure at higher levels is beginning to ease. Blindly chasing the rally at this position has a low risk-reward ratio, and there is a possibility of encountering resistance and falling back or weakening again at any time.
Suggested positioning: Enter short positions in batches within the 77,850–78,350 range. Target: If broken below 77,150, continue to look down: 77,000 → 76,500.
Long position setup: If the price pulls back and stabilizes around 77,350, consider short-term longs. Target: If broken above 78,850, continue upward: 78,250 → 78,750.