Evening Bitcoin Market Outlook

From the market perspective, a standard bearish structure has already formed above.
Currently, it is not advisable to blindly chase short positions unless you want to bet that Bitcoin will definitely break below the 80k level; otherwise, the risk-reward ratio of entering is not favorable.
After the price broke below the key support at 81,631 earlier, the rebound attempt to return above that level failed, and it then fell back to around 80,319.
Currently, the hourly chart has broken the bearish flag pattern:
If the subsequent rebound can re-enter the flag zone and consolidate, there is still a chance for another upward move;
If the rebound is weak and cannot regain the flag zone, the support at 80,319 will likely be broken, leading to a further decline toward the previous low of 79,137.
If it stabilizes at 79,137, forming multiple bottom oscillations, there is still room for a rebound;
Once it directly breaks below this level, it will head toward the Fibonacci target at 78,768.
Only a valid break below 78,768 will truly signal the start of a deep correction; before that, it is just a short-term pullback and not a trend reversal.

Trading Suggestions:
A volume-supported breakout and stabilization above 81,035 can be followed on the long side;
If it breaks below 80,506 with volume and fails to rebound back, go short with a strict stop-loss.
If the hourly chart stabilizes above 80,935, target 82,334–83,167;
If it cannot hold, the rebound will be invalid.
The 4-hour timeframe carries greater risk:
Break below 80,277, and look for a decline toward 79,465–78,173.