Bitcoin's recent rally basically met expectations, surging from 78,200 all the way to 80,100, with the bullish momentum completely within the planned range.

Currently, the price has pulled back and is consolidating around 79,700, with short-term energy already significantly depleted. The resistance above 80,000 is quite evident, making further upward movement challenging. Although the order imbalance on the order book remains positive, the buying support at higher levels has weakened considerably, and the pressure to pull back is starting to show.

Based on yesterday's analysis, most of the bullish sentiment has been realized with this surge, and it’s likely that the market will enter a phase of high-level consolidation and retesting. The first support zone is between 79,200 and 79,000; holding this area offers a chance for a second upward attempt. If it fails to hold, the price may fall back toward around 78,800.

This level is not suitable for chasing longs; wait for a pullback and stabilization before considering a position. Playing it safe and steady is much more reliable than chasing the top. #比特币ETF期权持仓限额增4倍