Evening BTC Thoughts

There’s no significant news driving the market over the weekend; it’s mostly quantitative algorithms controlling the price, so a sluggish market is normal. Currently, Bitcoin is fluctuating within a triangle range, with the hourly lows continuously rising. In the short term, the internal trend is slightly upward, but note that this is just a small trend within the range, not the overall big direction.
As long as the price doesn’t fall below the triangle range + 79,553 support on a pullback, this internal upward structure remains intact. Be patient and hold, waiting for a slow climb upward.
If volume increases and it breaks down, first watch the 79,232 support; if it can’t hold, then look for a drop to 78,155.
No need to panic if the key support isn’t broken; don’t obsess over price fluctuations and anxiety—just focus on key levels.
Above the short-term, 80,641 is an important resistance level. This candlestick’s resistance is strong; if it can’t break through, a rebound will be hard to sustain.

Trading Suggestions:
Go long after volume confirms and it stabilizes above 80,342;
If volume breaks below 79,529 and it can’t rebound, consider shorting—be sure to set stop-loss orders.
On the hourly chart, if it stabilizes above 80,342, watch for 80,641—81,631; if it can’t hold, everything will be in consolidation.
On the 4-hour chart, if it breaks below 79,801, the downside target is 78,800—78,091.