Bitcoin overall shows a volatile upward trend, starting to rebound from a low point around 78,207 early this morning, gradually breaking through the 80,000 psychological resistance during the oscillation and climb, with the highest reaching around 80,903. The current price stabilizes around 80,700, consolidating. Ethereum's movement is highly correlated with Bitcoin, starting its upward trend from a low of 2,338, rising to near 2,366, showing a steady follow-up rally throughout, with market momentum clearly linked, and mainstream cryptocurrencies' bullish sentiment warming up together.

On the daily chart, the upward channel continues to expand in an orderly manner. After experiencing consolidation and accumulation in the previous range of 75,000-79,000, the market has successfully shifted to a steady oscillating upward rhythm. Bullish momentum is gradually released, driving the 5-day, 10-day, and 20-day moving averages to resonate in a synchronized upward pattern. The MA20 and MA50 form a golden cross that continues to diverge, indicating the trend has clearly returned to a bullish dominance, and this upward trend is strong and structurally solid. The four-hour chart continues to show a strong upward tone, with prices steadily climbing along the upper Bollinger Band, RSI remaining in the 55-65 strong zone, and MACD showing increasing red bars, reflecting a one-sided strong upward technical characteristic, further reinforcing the daily trend foundation. Currently, the market momentum indicates that bullish forces are still accumulating, and short-term pullbacks are not signs of trend reversal but typical consolidation actions, mainly aimed at building energy for further attack on resistance zones around 81,500-82,000. Today's early trading remains focused on retracement to position for long entries.

Market volume structure is healthy, with continuous net inflows into spot ETFs, and institutional holdings steadily increasing, providing solid capital support for the bullish trend. On-chain data shows net inflows of major funds, increased holdings of large addresses, and gradually weakening selling pressure, further confirming the market's bullish dominance. In the short term, close attention should be paid to the key support level around 80,500. If this level holds, it will strengthen the upward structure; if broken, it may trigger a short-term technical correction. However, the overall trend remains unchanged, and pullbacks are good opportunities to position for longs.

Specific trading suggestions: Focus on the support levels between 79,000-79,600 and 78,000-77,300. If support holds, consider low-buying positions, aiming for targets of 82,000 and 84,500. If the price stabilizes above 84,500, continue to look higher.