Yesterday, the Bitcoin daily chart showed the market oscillating narrowly around the 81,000 level, with a sideways consolidation. In the evening, the bears increased volume and pushed the price down, causing a sharp decline. The market moved in a single direction, directly breaking below the 80,000 key level. Currently, the price is fluctuating around the 79,300 range.

From the current chart trend, the large drop in Bitcoin volume in the evening completed the breakdown. Although the short-term trend is somewhat weak, it remains in a normal retracement and correction phase, without effectively breaking the core support trend. The upward trend structure on a larger scale has not been damaged. On the four-hour chart, after yesterday’s price surge to a new high, it faced resistance and fell back. The market has continued to correct and retrace, with the retracement slightly exceeding expectations. Now, after the price broke below the midline support, it is testing the lower band support downward. The market has shown signs of stabilization, and the selling momentum from the volume surge has basically been exhausted. There is no further room for decline, and the overall outlook remains bullish.

Bitcoin retraces around 79,100-78,500, aiming higher toward 81,500-83,000.
Altcoins retrace around 2,260-2,230, aiming higher toward 2,350-2,450.