BTC

Brothers, good afternoon. After Bitcoin broke down on the four-hour chart yesterday, the market has been in a continuous oscillating downward trend. Currently, it is still following the four-hour correction pattern. Looking at it now, the four-hour structure is somewhat weak, but the key support on the daily chart has not been truly broken yet. As long as the daily support holds, there is still a chance for a rebound and rally later.

Currently, focus on the daily support around 78,200. If there is a pin bar retracement during the day, the 79,000-78,500 range can still be considered for a phased low-buy, with a stop-loss placed below 78,200.

The short-term resistance for a rebound above is first seen at 80,500. Once this level is effectively broken, it indicates that the four-hour chart is showing signs of re-accumulation and strength, and the market may have the opportunity to resume a second surge.

If the 80,500 level is broken and held, consider adding to long positions appropriately. The subsequent targets are 81,500 / 83,600 / 84,500.

At this stage, do not blindly chase short positions. Be patient and wait for key levels to act. Managing position size and pace is the most important.