#Bitcoin slightly retreated below the 80,000 integer level, quickly stabilizing after dipping to the 79,100 range, relying on key support to form an effective bottom. The current market is oscillating and rebounding, once again rising near the 79,900 level. From a technical perspective, 79,100 serves as the core support level that has been repeatedly solidified in the past. This retracement has once again tested its strength, and after the price stabilized and bottomed out here, it gradually moved higher, demonstrating strong bullish buying interest and solid buying power below. Ethereum moves in sync with the market rhythm, stabilizing around 2,265 points, oscillating and building momentum. Overall, the crypto market’s bearish selling pressure is gradually diminishing, with selling momentum waning, and signs of market recovery are already emerging. However, there has not yet been a volume-driven breakout. Our intraday strategy remains mainly bearish, with two short positions on Bitcoin, capturing a 1,350-point profit, and a 50-point gain on Ethereum.

From the hourly chart perspective, Bitcoin’s candlestick bodies are continuously narrowing, with market volatility gradually contracting and converging, and the price center of gravity steadily rising. If it can strongly hold above the 80,000 psychological level, it may form a W-bottom reversal pattern on the hourly timeframe, initiating a new round of recovery and rebound. Notably, last night’s deep retracement did not show signs of volume-driven decline; instead, significant capital entered at low levels, gradually dissipating market pessimism, and shifting the overall sentiment from weak to strong. Ethereum at the 2,265 support level also withstood the retracement test, confirming the support’s validity and laying a solid foundation for subsequent rebounds.

The key support at 79,000 has been established, and the market has sufficient momentum for continued upward recovery. Trading strategies can rely on this core support to adopt a bullish bias. Bitcoin should focus on whether the 80,500 resistance level can be broken and sustained; Ethereum should watch whether it can hold above the 2,330 range to open up upside space. Otherwise, the market remains bearish, and attention should continue to be paid to the support zone at 2,260–2,280.