Bitcoin's recent pattern of a sharp drop followed by a strong rally, known as a "pin" movement, I wonder if my followers who paid attention managed to catch this trend?

This upward move was already hinted at in the early hours through a clear bullish engulfing bottom pattern near the key support level of around 80,350. This position was completely fine, and afterward, the market surged directly, breaking through the resistance at 81,700. However, it did not break the previous high of 82,828.

So, the current market trend is not very optimistic. Bitcoin first touched 81,630 and then pulled back. After testing the support at 80,370 and rebounding, it broke through that level but failed to surpass the previous high, falling back below 81,700.

Next, the focus remains on the 80,350 support. If it holds, there’s still a chance to revisit 81,700 and the previous high; if it cannot break through the previous high, a significant correction will occur. Moreover, on the hourly chart, a double-top pattern has already formed. If it cannot break the previous high again, it will become a triple-top formation.

Once the 80,350 support is broken, the next test will be at 79,200. This support has been tested multiple times and is quite weak; the probability of it breaking is not small. Currently, maintaining oscillation within the 80,350 to 81,700 range is the most ideal scenario.