Evening Bitcoin Analysis

1. Currently, it is a weak oscillation after a high-level pullback. Do not blindly chase longs above the middle band of the Bollinger Bands, nor chase shorts near support levels.
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2. The Bollinger Bands have not fully opened yet; it is likely to remain in a range-bound oscillation. Keep your positions light and trade quickly in and out.
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3. Pay attention to changes in the main force's order placements. If the $200 million sell orders above are eaten up, there may be a rebound for the bulls; if the support level continues to see increased volume and breaks downward, the bears will continue to push down.
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4. There may be volatility after the US stock market opens in the early morning. Remember to set your stop-loss and avoid holding onto positions blindly.
Strong support 80,400–80,000 Bollinger lower band + intraday low, the lifeline for tonight
Secondary support 79,800–79,500 Intraday low point, if broken, bears will regain strength
Strong resistance 80,900–81,200 Bollinger middle band + intraday rebound high, tonight’s resistance level
Strong pressure level 81,400–81,700 Bollinger upper band + previous high, an important defensive line for the bulls