Evening Bitcoin (BTC) Outlook

Bitcoin is currently rebounding within a flag pattern; the main resistance above is at the upper boundary of the flag and around 81,672. A volume breakout will lead to another test of the previous high. However, if the second attempt to break higher fails and the price cannot stabilize, it will form a double top false breakout, followed by a larger-scale correction.
At this stage, as long as the price does not break below the flag pattern range and the key support at 80,319, the bullish trend remains intact; if it breaks down effectively, the short-term bullish structure will be broken, and the market will retest support zones at 79,500 and 79,100. Holding these zones will allow continued consolidation; losing them will create a new local low.

Trading Suggestions:
• Volume breakout above 80,867, go long on the right side;
• Volume breakdown below 80,391 and unable to rebound, go short on the right side, be sure to set stop-loss.
• Hourly chart: Hold above 80,867, target 81,631–82,800; if unable to hold, maintain weakness;
• 4-hour chart: Break below 80,464, look down toward 79,544–78,777;

$BTC