Reviewing the early morning market, Bitcoin surged higher with increased volume in the evening, reaching a high of around 81,600 as a key resistance point we mentioned yesterday. In the early hours, the bears volume pushed the price sharply lower, currently bottoming out near 80,200 before bouncing back, without breaking the 80,000 level, maintaining a strong bullish pattern. Ethereum's movement is largely consistent with Bitcoin, dropping sharply to around 2,310 in the early hours and then rebounding, with relatively strong support at the bottom, still in a bullish trend. On Sunday during the daytime, our short positions reached our target levels as expected, with Bitcoin gaining 800 points and Ethereum gaining 35 points. Opportunities favor those who are prepared, and identifying the trend remains the key principle.

The nighttime correction shows a long lower shadow on the 4-hour chart, with overall coin prices still staying above the previous large-cycle upward channel. The market remains in a bullish phase. As a new week begins, the current pattern indicates a new round of upward adjustment. After forming a new short-term triangle range, there is further potential for bullish continuation to push higher. Currently, the market is in a volume-expanding stage. In the short term, watch for a break of the 81,600 resistance level; if broken, the next target is around 83,500.

Bitcoin can be traded around 80,500 to 81,000, with a continuation if 81,600 breaks through, targeting 83,500. Ethereum can be traded around 2,320 to 2,340, with a look toward 2,380 to 2,400.