$BTC Bitcoin Evening Analysis

• First resistance above: 78,700-79,000
This is near the upper Bollinger band on the 4-hour chart and also a key resistance zone from the previous high. If it pushes up tonight, it will either break through with high volume or likely get knocked back.
• Key support below: 77,500-77,800
This is the middle Bollinger band on the 1-hour and 4-hour charts, and also near the starting point of this rebound. If it can hold here, the sideways movement won't be bad, and there’s a chance for another upward push; if it breaks through directly, it could test 77,000 or even lower.
• On the 4-hour level, Bitcoin just dropped from the high of 79,400 and is now hovering around 78,000.
The 4-hour MACD has already formed a death cross, indicating that the momentum of this rally is gradually waning. The next move is likely to be sideways consolidation rather than a sharp surge.
• On the 1-hour level, the downtrend has eased, with the MACD red histogram shrinking, showing that the selling pressure is weakening, and a short-term correction is underway.
• The 15-minute chart shows a small rebound, but the RSI is nearly 80, indicating overbought conditions in the short term, with a possible pullback at any time. #白宫记协晚宴发生枪击事件 #加密市场普遍上涨 #btc