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Afternoon Analysis
Yesterday, Bitcoin's bearish trend dipped to a low of 79,800 and stabilized, with the early session beginning a steady rebound, oscillating upward to the 81,100 range for sideways consolidation.
The daily bearish momentum continues to weaken, with a rebound and positive closing; strong support at 79,100 is solidified, while the key resistance at 82,800 remains a heavy barrier.
The four-hour bearish correction has decreased in volume, reaching the middle band of Bollinger Bands to gather strength; the hourly bullish momentum continues to expand, with indicators turning upward and crossing bullishly, indicating a clear short-term rebound pattern.
Trading Suggestions
Buy near 80,000-80,500 for Bitcoin, targeting 82,000-82,500.
Buy near 2,270-2,250 for altcoins. Target 2,350-2,370.