Evening Bitcoin Outlook

Bitcoin, in this round, broke above the previous high, and after reaching the trumpet-shaped top, it entered a consolidation pattern. After hitting a new high, there was no sign of sustained acceleration. Without external positive catalysts, it is likely to follow a similar pattern of a pullback before moving higher. The new high in this round did not significantly separate from the previous high, and a strong rally should quickly move away from the cost basis rather than hover at high levels. This kind of sluggish rally pattern is inherently cautious.

Once the price re-enters the trumpet shape, the support at 77,561 is likely to be broken downward, followed by a retest of the 76,272 level. If it can stay above the trumpet's upper boundary, there is still upward momentum; without breaking 79,215, a major rally is unlikely.

Trading Suggestions:
A volume-supported break below 77,865 with a failed rebound can be shorted on the right side to catch the pullback;

After retesting and stabilizing at 76,398, consider a half-position on the left side;

Once it breaks through 78,420, you can follow up with a long position targeting 79,215-80,000, with a stop loss at 77,000.