Today’s market movement is quite unprecedented; it’s neither strong enough to rally nor satisfying to fall. Throughout the day, it has been oscillating back and forth within the range of 77,500 to 78,500, a span of over 1,000 points. In the morning, Bitcoin rebounded to around 78,500 but faced resistance when trying to push higher. In the afternoon, it retreated to 77,500 and then bounced back up, causing a day of turbulence. Now it’s hovering around 77,600 again. The “Auntie” (altcoins) are even more sluggish, facing resistance at 2,330, then holding support at 2,300, with only about 30 points of fluctuation up and down. Our intraday trading positions involve both long and short strategies; most short-term setups are not recorded in the official statistics. Overall, Bitcoin has taken a profit of 2,950 points, while Auntie has secured 90 points.

From the four-hour chart, Bitcoin previously surged to 79,444 but then consecutively closed with bearish candles and retraced. Currently, it is in a high-level consolidation phase. The bulls are clearly facing resistance around 79,500-80,000. In the short term, even if they want to push higher, they need to first retrace and gather strength; otherwise, a rise would be futile. Judging by the current correction strength, the bearish candles have small bodies, and the rebound momentum is weak, which looks more like the bears quietly accumulating. Today’s consolidation is not a bullish correction but a bearish buildup. The support zone below is around 76,500-77,000, which is the previous breakout support level and near the lower band of the four-hour Bollinger Bands. If it breaks down, the decline could continue toward 75,000. The MACD also shows a bearish divergence signal, indicating potential further downward adjustment. The outlook remains bearish.

Bitcoin can be shorted at 78,000-78,500, with support at 77,500-77,000; a break below could lead to a further decline toward 76,000. Auntie can be shorted at 2,320-2,330, with support at 2,300-2,280. #加密市场行情震荡 $BTC ‌$ETH