As of April 25, 2026, 23:30, BTC is approximately 77,550 USDT, with an intraday high of 78,374 and a low of 77,321, showing narrow fluctuations and weakening momentum.

1. Core Judgment

- Medium term (1–4 weeks): The bullish trend remains intact, with the daily upward channel, continuous net inflows into spot ETFs, and institutional allocation willingness still present.
- Short term (1–3 days): High-level consolidation leaning towards a correction, heavy selling pressure at 78,000–78.5k, weak rebound, short-term caution for retests.

2. Key Price Levels (24 hours)

- Resistance: 78,000–78,500 (dense trapped zone), 80k (psychological + strong options pressure).
- Support: 77,000 (short-term lifeline), 75k (100-day moving average + strong support, weakening if broken).

3. Capital and Sentiment

- ETF: Net inflow of $223 million yesterday, institutional support but weakening.
- Large transactions: Net outflow in the past 72 hours, buy-sell ratio 1:1.41, short-term bearish.
- Options: Concentrated settlement on 4/24–25, increased volatility; heavy sell pressure above 80,000.

4. Short-term Trading Ideas (for reference only, not investment advice)

- Intraday: Mainly observe, do not chase longs near 77.5k; if rebound hits resistance at 77,800–78.2k, consider light short positions, stop loss above 78,500.
- Buying on dips: Wait for retests at 76,000–76.5k to stabilize before considering; if volume drops below 75,000, pause long positions and observe.