Bitcoin (BTC) has recovered to the $77,000 range, showing a gradual upward trend.

■ Breaks Above $78,000 Intraday Before Gains Narrow

On the 24th, bitcoin was trading at $77,641.24 on the Binance spot market. This represents a 1.05% increase compared to the 24-hour opening price of $76,835.95.

During the same period, the low was $76,670.01 and the high was $78,052.85. The intraday range from low to high was tallied at approximately 1.8%, and the current price is about 0.5% below the intraday high. During the session, bitcoin rose above the $78,000 level, but gains narrowed somewhat as some sell orders emerged afterward.

The 24-hour trading volume was approximately 17,400 BTC, with a trading value of about $1.35 billion.

■ Sell Orders Near the High Being Digested Amid Buyer Dominance

With the current price trading above the 24-hour opening price, a buyer-dominant trend is being maintained. However, as short-term profit-taking volume or selling pressure has flowed in near the $78,000 level, bitcoin can be seen as taking a breather after breaking above the high.

■ Market Impact… Watch for Spillover to Ethereum and Altcoins

Bitcoin is regarded as the flagship asset that determines the direction of the entire cryptocurrency market. If bitcoin's upward momentum is sustained, risk appetite could spread to Ethereum and major altcoins, while if bitcoin falls away from key price levels, market-wide volatility could also expand.

■ Short-Term Key Factors and Future Variables

In the short term, the key factor is whether bitcoin can digest the sell orders around $78,000 and break above the intraday high once again. If a breakout above the high occurs while trading value is maintained, the upward trend could strengthen, but if trading volume declines and bitcoin fails to hold the $77,000 level, the possibility of increased short-term correction pressure cannot be ruled out.

Going forward, U.S. interest rates, the dollar's value, global risk asset preferences, and spot market trading volume and liquidity could act as major variables for bitcoin's movements.

[This article was written with AI assistance. Cryptocurrency is a highly volatile asset, and this article is intended to provide market information, not investment advice.]