Yesterday, Bitcoin initially surged to around 80,968, facing resistance and pulling back, then quickly dropped to touch the intraday low of 79,801, completing a deep retracement. After stabilizing, it rebounded with oscillations, currently back around 80,600, moving sideways within a narrow range around the middle band for correction. Over the past 24 hours, it has slightly declined by 1.33%, with support at the lows effectively lifting the price. In the short term, it is in a stabilization and consolidation phase after a sharp decline, with bulls and bears repeatedly battling in a volatile correction stage.

On the 4-hour chart, the current price of 80,639 has broken below the middle Bollinger Band and remains under its pressure, with net short positions dominating, indicating that the bears are actively increasing their positions. The price is closely hugging the lower Bollinger Band; if it further breaks below the lower support at 80,082 or the previous low of 79,801, the downside space will open. Therefore, until the price stabilizes above the middle band, the 4-hour timeframe maintains a bearish outlook, and a rebound to around 81,030 can be seen as a potential area for shorting.

Bitcoin short around 81,000 targeting 79,600
Altcoin 2310 short targeting 2250
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