The evening trend is a bit interesting. It first bounced back up to 782, and then it directly fell all the way down to 765. I mentioned in the afternoon that the area overhead to watch is around 762 to 768. In the evening, it rebounded back to 762 and then decisively reversed from there with a 600-point move. The run was just perfect. I also took a very small position and chased a few hundred points along the way. If 769 breaks, then it will go test 763—and it’s also coincidentally holding that level for now. Since it’s currently consolidating in a low-range chop, will the move continue, or will it reverse?

In terms of the overall trend structure, the daily upward channel has already been broken. The trend structure has already sent a signal of change, but it hasn’t completely reversed yet. To fully reverse, it needs to go below 750. This is also a dense liquidation zone. Once liquidation starts, it will trigger a chain reaction of liquidations, which will further weaken the price. The strongest support is at 750, but it’s still relatively far away. Meanwhile, the smaller supports are at 763 and 761.

So you can first do small entries near the minor support. If it rebounds to 775, then it’s short-term—#比特币突破7.9万美元