Yesterday, the Bitcoin daily chart showed the market oscillating narrowly around the 81,000 level.


In the evening, the bears increased volume to push the price down, and the market weakened sharply, directly breaking below the 80,000 key level.
Currently, the price is fluctuating around the 79,300 range.

From the current market trend, the large-volume decline in the evening completed the breakdown.
Although the short-term trend is somewhat weak, it remains in a normal retracement adjustment phase and has not effectively broken the core trend support.
The upward trend structure on a larger scale has not been damaged.
On the four-hour chart, after yesterday’s price surged to a new high and faced resistance, it fell back, and the market continued to correct downward, with the retracement slightly exceeding expectations.
Currently, after the price broke below the mid-line support, it is testing the lower band support downward.
The market has shown signs of stabilization, and the downward momentum from the volume-driven decline has basically been exhausted.
There is no further room for decline, and the overall outlook remains bullish.

Bitcoin retraced near 79,100-78,500, with potential to rise to 81,500-83,000.
Altcoins retraced near 2,260-2,230, with potential to rise to 2,350-2,450.
BTC-0.81%
ETH-1.59%
IOST-0.97%
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FinancialSunshine
· 8h ago
Yesterday, the Bitcoin daily chart showed the price moving within a narrow range around the 81,000 level, consolidating with slight fluctuations. In the evening, the bears increased selling volume and pushed the price down, causing a sharp decline. The market moved in a single direction, breaking below the 80,000 key level. Currently, the price is oscillating around the 79,300 area.

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 level. 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, the market faced resistance and fell back. The correction has continued, with the pullback 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 mostly been exhausted. There is no further room for decline, and the overall outlook remains bullish.

Bitcoin retraces around 79,100-78,500, with potential to rise to 81,500-83,000.
Altcoins retrace around 2,260-2,230, with potential to rise to 2,350-2,450.
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