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Thought Process Analysis:
Bitcoin surged to 81,500 yesterday but failed to hold steady, with a short-term continuous pattern of rising and falling. Additionally, trading volume gradually shrinks, indicating insufficient buying support at high levels. The current price fluctuates around 80,000, but the rebound strength has clearly weakened, typical of a high-level sideways consolidation with a weak trend. If the price cannot quickly recover above the 81,000 range in the early session, the bears may seize the opportunity to exert pressure, and breaking below the 80,000 psychological level could easily trigger short-term stop-loss orders, leading to further decline to support zones below. Overall, the altcoin market shows weak correlation and trend, and once Bitcoin pulls back, the decline is expected to accelerate further.
Trading Suggestions:
Bitcoin: Short near the current price of 80,300-80,800, target 79,500, 78,500.
Altcoin: Short near the current price of 2,340-2,360, target 2,300, 2,260.
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