$BTC Morning Analysis of Bitcoin

• Don't chase the high: We're already close to the resistance level now, chasing in easily buys at the top.
• Wait for a pullback to go long: If the pullback doesn't break the support at 78,600-78,800, consider adding a small long position, with a stop loss below 78,200.
• Short-term traders can try a small short on a pullback: Aggressive traders can lightly short around 79,300-79,500, targeting 78,700-78,600, with a stop loss no more than 79,600.
• Always set a stop loss: In this high-level consolidation, volatility will be more intense than usual, don't hold on to losing positions; staying alive is the key.

Technical Logic
4H / 1H
Bitcoin is really strong this wave, breaking through the upper Bollinger Band on the 4-hour chart directly, and the hourly chart is also pushing up along the upper band. The MACD green bars keep growing, indicating the bullish momentum hasn't broken. But note that the 4-hour RSI has already hit over 80, which is in the "overbought zone," so a slowdown and correction are likely coming. The midline at 77,800-78,200 is a critical support for this bullish wave; as long as the pullback doesn't break below it, the trend remains stable.
15-minute
The 15-minute chart has already signaled a pullback: after the price hit the morning high of 79,455, it started to decline. The MACD green bars are shrinking, and RSI is dropping from high levels, indicating the short-term bullish strength is weakening.