As of now, the Bitcoin price is fluctuating around 80,862, with a slight upward movement during the day, reaching a high of 82,098 and a low of 80,394. The short-term bulls and bears are fiercely contesting, and the market has entered a short-term divergence correction phase. Currently, the price has fallen back below the middle band of the Bollinger Bands, pressing against the middle band for support. The upper band forms a strong resistance zone, while the lower band constitutes a key short-term support.

Previously, after the price surged and tested the upper band, it faced resistance and pulled back. The overall Bollinger Band opening has slowed down, and the market has shifted from a one-sided rally into a high-level consolidation and contraction phase, gathering strength. The short-term range-bound market has very strong characteristics. On the daily chart, the overall bullish trend has not been completely broken; the previous lows have been raised, and trend support remains intact. This is a pullback and shakeout during the upward trend, not a trend reversal. On the 4-hour short-term level, technical indicators are weakening across the board, with multiple indicators resonating bearish. The need for a short-term correction and a test of support is very strong.

Bitcoin: Around 80,300 long target: 82,000
Ethereum: Around 2,250 long target: 2,400