BTC Pre-Trade Analysis: The major cycle (weekly chart) is overall transitioning from bearish to sideways with a slight bullish bias, with a rebound correction in progress #BTC

Daily level: The market has been steadily rising with volatility, currently firmly above the SMA120 moving average, indicating a complete short-term bullish structure.
The primary short-term target is to challenge the 80,000 integer level, with a strong ultimate resistance near the 84,700 area where the SMA200 is located. This level presents a very strong resistance, making a direct breakout difficult.
The current daily bullish trend continues but is approaching a key resistance level, with increasing divergence between bulls and bears, and a need for short-term oscillation and shakeout.
The major downward correction phase has ended, the mid-term bottom is confirmed, and in the short term, I personally favor a continuation of the bullish rebound, testing the heavy resistance zone upward. After encountering strong resistance and stalling, a deep retracement to gather strength will likely begin again.