$77,800 is the key level to watch for Bitcoin BTC. I'm tracking a well-defined channel that has developed on the lower timeframes, specifically the 15-minute chart. Right now, Bitcoin has climbed to test the upper boundary of this structure around $77,800. A clean breakout above the $77,800 ceiling is significant. If we flip this level into support, it clears the path for BTC to accelerate toward $79,000. However, if the resistance holds, I expect a healthy retracement back into the channel to gather liquidity. The key internal floors to watch for a bounce are the mid-range at $76,900 and the bottom of the channel at $76,000. I'll wait for a definitive candle close above $77,800 before chasing the next leg up. Let the market prove its strength first.(Ali Charts)