From the 1-hour cycle perspective, Bitcoin's bullish momentum continued to be released in the early session. After rising to the stage high of 81,270, influenced by the slight decline in U.S. stocks, combined with profit-taking at high levels, a rapid decline occurred in the evening, with the lowest touching around 79,800. The current price is fluctuating around the 80,000 level. This correction is a technical pullback within the upward trend, and the key support area has not been effectively broken. The long-term bullish structure remains intact, and overall, it is still in a high-level wide-range oscillation with a relatively strong rhythm.

My core strategy for the evening is to buy on dips and go long. There are two main reasons for this bullish approach: First, the key support is clearly holding. The 79,800-80,000 zone is both the core support area for this correction and the dense trading zone where the previous bullish momentum was initiated. The price has shown clear signs of stabilizing after falling back to this level, with bearish selling pressure significantly weakening. The technical rebound demand is strong, making it our main position for buying on dips.
Second, the trend structure has not been broken. This correction is merely profit-taking within the upward process and has not broken the key support. The major bullish trend remains intact, and the buying support below is sufficient. This is the confidence behind our firm bullish stance.
Trading suggestions:
Buy near 79,500-79,200, targeting around 81,000.
Buy Ethereum near 2,250-2,240, targeting around 2,310.