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Today’s Bitcoin and altcoins at noon
Operation:
Bitcoin: 80,800-81,000 near light short positions
Watch 79,500-79,200
Altcoins: 2,385-2,410 near short positions
Watch 2,350-2,330
Bitcoin repeatedly tests the 80k level from above, multiple attempts to push higher but unable to stabilize, showing a clear resistance and pullback trend. In the morning, the market surged past 80,000, reaching a new high for the phase, but the bullish momentum couldn't keep up afterward, with weakness at the highs, indicating a short-term need for a pullback and correction.
The overall major trend remains bullish; taking long positions at lower levels is still the main strategy. Light short positions at higher levels are only suitable for short-term arbitrage, serving as auxiliary operations.
After the market surges, it’s likely to first undergo a correction and washout, waiting for the pullback to stabilize at support levels, then returning to a bullish rhythm.