$BTC The trend of Bitcoin dropping to 77,100 in the early morning confirms the market's weakness

The rebound only stopped at 77,600, indicating very low buying interest. Breaking down the 4-hour structure, the price is being suppressed by a bearish moving average alignment, combined with momentum indicators (MACD, RSI) remaining low for a long time. This combination usually signals that after a correction, there is still room for further decline.

Currently, the market's key support and resistance levels are clear: resistance is at 77,600-77,800, with the true strength/weakness boundary at 78,000; support focuses on 77,100 and the extended level at 76,800.

It is important to be cautious of the weekend's thin liquidity, which is a double-edged sword. If the support zone is broken, the downward momentum will be amplified.

Additionally, three major factors influence the situation: the uncertainty of the third round of US-Iran negotiations; the FOMC decision on the 30th and Powell's speech; Trump's meetings and statements regarding cryptocurrencies.

These three factors could potentially break the current deadlock. Therefore, before that, major institutions are unlikely to enter easily. When dealing with high-risk assets, caution is necessary, especially given the current market being influenced by individual figures.
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