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#BTC
bitcoin:native Market Analysis:
Bitcoin is once again surging on the smaller timeframe, briefly breaking through the 80,000 level. The smaller timeframe also shows a breakout structure. Today’s key point is to determine whether this is a genuine breakout! Support below is at 79,523. If broken, this breakout structure fails and is a false breakout top!
The key resistance above is near 83,461, which is the 0.618 retracement level of the recent decline from 98k to 60k. Only if an effective breakout stabilizes can it develop into a retracement of the 126k-60k move!