Evening Bitcoin (BTC) Outlook

The Bitcoin hourly chart briefly broke through the resistance at 80,830, surged to touch 81,278, and made a new high, but failed to hold firmly above 80,830, and is now entering a retracement phase.
The surge was accompanied by a standard shooting star candlestick pattern, which is a very poor formation, clearly indicating heavy selling pressure above, with the bulls struggling to push higher, ultimately being suppressed by the bears and falling back, signaling a potential top and a correction.
However, short-term correction will not happen overnight; the key level to watch is 80,366, which was a previous resistance and has now turned into a strong support after a breakout. Only a volume-backed breakdown below 80,366 would extend the correction, with a possible dip toward the support zone of 79,806-79,461; if this support is further broken, the correction space will open up fully, with a key level at 78,434 below.
Once 78,434 is broken with a solid candle and cannot be quickly reclaimed, the bullish trend structure on the hourly chart will be thoroughly broken, leading to lower lows and trend reversal weakening. This rebound has already gained enough momentum, and a technical correction is normal; alternating rises and falls are healthy for the market, and moderate adjustments are also preparing for a new upward move.

Trading Suggestions:
During the Bitcoin retracement to the 79,585-78,443 range, consider half-position trading on the long side in batches; avoid placing orders directly, wait for clear signs of a bottom within the range before entering. Currently, chasing longs at high levels carries high risk and is not suitable for blind follow-up.

If the market volume breaks below 80,402 and a rebound fails to regain support, consider shorting on the right side with strict stop-loss controls to manage risk.

If the hourly chart can effectively hold above 80,777, the subsequent rebound target is in the 81,309-82,192 range; if it cannot hold above 80,777, the bulls will lack the momentum to continue the upward trend.