Bitcoin market analysis: #Yunxiang Research Institute

Last week, the weekly candlestick closed as a doji bullish line, and this week shows a bearish correction. The weekly chart remains in an upward channel, with trading volume improving compared to earlier periods. The weekly structure still maintains an upward trend (biased bullish but entering a strong resistance zone).
Currently, the main resistance is concentrated around the 83,000-85,000 gap area. Overall, the weekly chart is in a sideways upward structure. Breaking through 83,000 could lead to higher resistance zones. A pullback that holds around 78,000 may allow the weekly bulls to continue;
The weekly MACD shows a golden cross, RSI and CCI have also generated bullish crossovers, maintaining a bullish momentum.
On the daily chart, yesterday closed with a large bearish candle, with volume increasing, but today shows a bullish rebound. Bulls are starting to fight back. Currently, a high-level consolidation zone has formed, with resistance near 82,500 on the upper side and support around 79,500 on the lower side.
The price is forming an ascending triangle pattern, approaching a potential reversal point. The rebound is approaching a key resistance at 81,800, which is also our short entry point. We have already shorted twice with good profit margins.
In the short term, consider going long around the 78,500/79,500 area. The current stage is a high-level consolidation; as long as key levels are not broken downward, the upward consolidation trend can continue.
The daily MACD shows a weakening death cross risk, with divergence indicating a possible correction.
On shorter timeframes, the 4-hour, 1-hour, and 15-minute charts all suggest a pullback. Aggressive shorts have a trial-and-error risk but can be attempted; however, profit ranges are expected to be limited.
Specific trading should mainly rely on real-time market conditions. This is for reference only.