Bitcoin this round has repeatedly tested the four-hour key support level at 77,500, but has never effectively broken below it. The overall four-hour rebound structure is still intact, but in the short term, it is consolidating sideways within a range.

In terms of trading strategy, we still regard 77,500 as a critical level for bulls and bears, with everything based on the four-hour closing price: as long as the four-hour close does not break below 77,500, the market will continue to look for a rebound. The first resistance level is at 79,500. Once it breaks through and stabilizes, the current sideways pattern can be broken, allowing for additional long positions. The rebound target is 82,000-84,000.
If the four-hour close effectively breaks below 77,500, then this round of four-hour rebound will officially end. The market is likely to weaken sharply, and traders can wait for the 74,500-70,000 range below to gradually build spot positions. $BTC