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Last night, Bitcoin surged to the recent high of 82,828, then showed a pattern of rising sharply and then falling back, with resistance clearly increasing above. The subsequent movement was around the lower end of the range with sideways consolidation.
In the four-hour Vegas channel, the midline at 80,713 and the price at 80,867 have broken below the midline, which is a sign of weakening. After forming a high point at 82,828, the rebound highs have gradually decreased. Now testing the midline. If a four-hour solid bearish candle closes effectively below 80,700, it indicates a short-term shift to bearish.
The first target below is 78,752, then 74,868. Unless it re-establishes above the midline, the short-term outlook remains bearish.
Shorting near 81,300 with a target of 80,800$BTC $ETH
Shorting near 2,350 with a target of 2,300