Bitcoin fluctuates up and down, with bulls and bears pulling back and forth, and many people getting stopped out. Multiple lower shadow lines appear on the hourly chart, seeming to suggest a decline giving the bears hope, but then it immediately pulls higher—just ask if Kongjun’s mentality is about to explode. This is the power of an upward trend; going against the trend is absolutely a taboo in trading, never be stubborn.

Yesterday, Bitcoin was affected by news and the need for a correction after a big rally, resulting in a rapid short-term pullback that looked like a big drop. But it didn’t break the key support at 78,530 and even broke through the resistance at 79,470. After breaking through, two retests confirmed the support was valid, then it surged all the way up to a new high of 80,746. Basically, the market doesn’t want to fall; yesterday’s dip was just a false move. If it really wanted to drop, it would have sold off already—why bother pulling it back? In short, it just hasn’t reached the target level yet.

Now, if Bitcoin wants to continue rising, it depends on the 80,800 resistance. Breaking through that could push it toward the 81,800 high from last night. If it can’t break through, it will oscillate between 79,813 and 80,746, waiting for a direction. Also note, Bitcoin is currently rising with decreasing volume, with no volume at the bottom. Most likely, it’s clearing out the short liquidity in the 81,169 to 81,967 range. After clearing that, a pullback is likely, since there are nearly 1 billion short orders waiting to be washed out in this zone.

There’s no need to panic during a pullback. As long as Bitcoin doesn’t break the flag pattern, it won’t fall sharply. Even if it breaks 79,470, it’s okay—just don’t break the flag pattern. Once it breaks that, it will make a new low and test support at 77,370.
$BTC Currently, Bitcoin’s upper resistance levels are 80,601, 81,810, 83,353; lower supports are 79,445, 78,450, 77,291.

$ETH Looking at Ethereum, if the 4-hour chart breaks below 2,340, it could target 2,296–2,260. As long as ETH holds the trend line at the top, there’s no problem; only a break below the 2,325 trend line would lead to a deep correction. To rise further, it must break through 2,380 to challenge the previous high of 2,423. Currently, holding above the trend line is already quite strong. #美国寻求战略比特币储备