Early morning BTC short-term pullback to around 79,600, stopping there. The overall trend is a pullback correction within a bullish market, and the selling pressure has not continued to increase significantly. The market still maintains a sideways consolidation pattern, with no signs of a deep downward reversal.



Currently, the key strong support zone has shifted down to 79,200-79,500. Short-term indicators show decreasing bearish momentum, while the long-term bullish trend structure remains intact. This round of decline is more of a trap to induce short positions and shake out weak hands, serving as a consolidation move for the bulls to gather strength.

At midday, a light position can be tried near the current price of 79,800, with a stop-loss set below 79,000. The first target is a rebound and recovery around the 81,500 level, and the second target is towards the 82,500 range. The midnight market is relatively calm, and as long as the core support zone is not broken, the bullish upward momentum will remain intact. $BTC
BTC-1.49%
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