Last night, Bitcoin experienced narrow-range fluctuations and a pullback during the U.S. session, quickly dropping to test the key support at 78,700. After strong buying support, the price rapidly stopped falling and rebounded. In the morning, attempts to push above 79,600 faced resistance and slightly retraced, mainly as a shakeout during the upward trend, with the bullish pattern remaining intact.

On the daily chart, after three consecutive bearish candles from the upper Bollinger Band, the price tested the support at the 79,000 integer level without breaking it effectively. It then quickly recovered, with the candlestick showing a clear lower shadow, confirming the support's validity. On the four-hour chart, the price oscillated with alternating bullish and bearish candles at low levels, with support continuously strengthening. Market buying gradually entered, and trading volume increased accordingly. The long-term bullish trend remains clear, and the current market is in a consolidation phase before resuming the upward move. The outlook remains optimistic for a sideways upward trend, and patience is advised until bulls increase volume for a strong rally.

Bitcoin retraced around 79,100-78,500, with an upward target of 81,300-82,800.
Altcoins retraced around 2,240-2,210, with a target of 2,330-2,450.