Intraday Bitcoin futures market is highly volatile, with the sentiment switching back and forth.

First, from midnight to early morning, there was a rally, reaching the previous high of around 79,500, but then facing resistance and stalling;
At noon, the sentiment reversed, with a quick pullback to near the 78,000 level, followed by a long period of sideways consolidation, until the evening when it weakened again, dropping a second time, currently trading around 76,700.
In the early morning, we took advantage of the upward move and closed our long positions;
In the afternoon, we placed a current price order at 77,700, with the average cost adjusted lower after adding to the position;
The long positions are still being held.

From the current market situation, this pullback is a healthy correction within the upward trend and has not broken the core bullish structure;
The four-hour upward channel remains intact, with the 76,000-77,000 zone serving as a key support level that has been tested multiple times before;
The KDJ indicator’s three lines have entered an extreme oversold zone, indicating a strong technical rebound demand;
Combined with the hourly chart, tonight’s rapid decline appears to be a sentiment-driven, impulsive move, with the downward momentum already released in a single large volume move;
Buying volume at the lows is evident, and the dual-cycle resonance supports a rebound sentiment;
As long as the price holds above the core support of 76,000-76,500, it will likely rebound first to recover the 78,000 level, then challenge the previous high of 79,500;
A breakout above that would open up the upside space for a stronger rally;
Currently, the 76,000-77,000 zone is an excellent window for gradually building long positions, and patience is advised while waiting for sentiment to recover and new highs to be broken.