Bybit: BTC is blocked by the 200 day moving average, it is recommended to pay attention to the support of $77000

According to Bybit's latest options weekly report, BTC encountered its fourth rejection at the 200 day moving average this week, while ETH and XAUT weakened simultaneously. Macro pressures include the US CPI rising to 3.8% year-on-year in April, 10-year US Treasury yields breaking 4.5%, and CME FedWatch showing a probability of over 50% interest rate hikes by the end of 2026. The expiration of US stock options has triggered long liquidation, with hedge funds holding long positions in technology stocks at the 99th percentile for five years, increasing the risk of systemic deleveraging. DVOL is at a historical extreme, and it is recommended that investors wait for confirmation of $77000 support before laying out.