⭐ BTC Today's Market Update

BTC has already fallen back from the previous high near 82,800, and currently, on the 1-hour chart, it has formed a relatively clear downward channel.

We have previously mentioned that 80,600 has been broken, so the short-term internal structure has started to weaken.
The current price is around the support zone of 79,500, which is a key short-term level.

From a structural perspective, it is no longer a strong upward trend, but clearly:
Lower highs, lower lows, short-term bearish operation.

However, note that the price is now close to the lower boundary of the downward channel and the support zone, so it is not suitable to chase short positions directly here.
If you want to short, wait for a rebound to the resistance level to look for opportunities.

Key resistance above: 80,600. If the price rebounds here and cannot hold, it is still likely to continue higher and then fall back.
Key support below: around 79,500 / 78,500. If 79,500 is effectively broken, the next step is likely to test around 78,500. But if support holds at 79,500, there may be a short-term rebound to repair.
So today's strategy is simple:
The short-term trend is weak, but do not chase shorts at low levels.
If a rebound hits around 80,600 and faces resistance, continue to look for short opportunities.
If it breaks below 79,500, continue to watch for 78,500.
If 79,500 holds, then look for a consolidation and rebound.