Bitcoin yesterday maintained a overall oscillating upward trend, with the price surging again in the evening to around 82,800 to refresh the stage high, then facing resistance and pulling back, currently consolidating around the 81,000 range. Previously, we repeatedly advised deploying long positions at low levels, and the strategy was accurately executed, perfectly keeping pace with this round of rally.

From the current market structure, the bullish trend still remains intact. After the price broke through a new high in the evening and then retraced, although it gave back most of the intraday gains, it still belongs to a normal technical correction within the upward trend and has not changed the core bullish pattern. On the four-hour chart, the market oscillates along the upper band of the Bollinger Bands, but has never managed to effectively stabilize above the upper band. Coupled with the gradually weakening bullish momentum, the short-term price needs to test support levels and consolidate. Therefore, the subsequent trading approach remains unchanged: after a pullback stabilizes, continue to focus on long positions.

Bitcoin retraced around 80,800-80,100, with an outlook of 83,000-84,500.
Altcoin retraced around 2,310-2,280, with an outlook of 2,440-2,550.