Evening Bitcoin Market Outlook

Bitcoin has recently repeatedly tested the support at 79,363‑79,190 but has not broken below it. The main reason is that this level is a key support-resistance turning point: it was previously a pressure zone that Bitcoin failed to break through twice. After successfully breaking through, it surged to 82,800. Now, what was once resistance has become support, so it won't be easily lost.
As long as this zone holds, there is room for market correction; once volume increases and it breaks down, bearish sentiment will quickly intensify. The last line of defense on the hourly chart at 78,133 is likely to be breached, and the hourly bullish trend will be thoroughly ended, triggering a deep correction.
Currently, the chart shows signs of a double bottom on the hourly timeframe. Both dips have held at 79,190, with lows gradually rising, and the price has returned to the flag pattern consolidation zone. The prerequisite for stopping the decline is that the price does not make new lows upon retesting; to initiate a rebound, volume must break through and stabilize above 80,378, then aim for 80,835 and 81,631.
In the short term, there's no need to worry about recovering yesterday's decline; as long as the price consolidates within the flag pattern and stops falling, it remains a healthy structure. Without major news catalysts, Bitcoin will oscillate within the range, waiting for a direction to be chosen.

Trading Suggestions:
Volume break above and stabilization at 80,033, go long on the right side, targeting 80,835‑81,631. If it doesn't reach this level, the rebound will be limited;
Volume break below 79,345 and failure to recover on the rebound, go short on the right side, with strict stop-loss.