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Price is operating within the recent upward channel, and the bullish trend structure remains intact.
The key resistance level above is the previous high range of 78,400-78,500, which is the short-term peak of this rally, with selling pressure concentrated there.
The key support level below is around 78,100, serving as an important defensive line for short-term bulls; strong support is near 77,800, forming a dense trading support zone from previous lows.
The strategy is to buy on pullbacks to support, with entry around 77,800, targeting a breakout of the previous high between 78,100-78,500.