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I was preparing to do a live broadcast for everyone this morning, but there were some equipment issues that disrupted our plan. Currently, the market is showing little change, and in the early hours, it briefly revisited the short-term break of the 80,000 level, dropping to a low of 79,801, which is also a recent low, but the bulls quickly recovered afterward. Ethereum's movement is roughly similar, with a dip to around 2255 in the early hours, and from midnight to morning, it started to recover upward, currently reaching a high of 2291. Early on, I suggested going long on Bitcoin at 79,800; by midnight, it reached 80,800, successfully gaining 1,000 points. Going long on Ethereum at its low also had over 30 points of profit potential.
From a technical perspective, 79,000 has formed a key support level. After a dip to this level in yesterday's evening session, it stabilized twice, pushing the market higher in the early hours, demonstrating strong support. After forming a double bottom breakout, the retest at 79,800 confirmed it as an important intraday support. Short-term trading should focus on the 79,800-79,000 support zone, relying on this support to continue bullish. Although there have been significant adjustments during the upward move, each pullback has been followed by new highs, forming a steady upward rhythm. Therefore, the bullish outlook remains unchanged this afternoon.
On Wednesday morning, Bitcoin around 80,300-80,000 can be bought, with the target still focusing on a breakout above 92,500.
Ethereum between 2,260-2,240 can be bought, with the initial target focusing on 2,400.