⭐ BTC Today's Market Update

Yesterday we provided two possible trends:
If BTC breaks below around 78,000, it will further weaken in the short term, with the next support levels at 76,000 / 74,000. The second scenario is that there is support below, which will continue to rebound and test the upper resistance. It did not break down yesterday. The daily chart closed with a bullish candle, indicating that after retesting the key support area below, there was clear support. It also returned inside the wedge channel, so it did not continue to weaken in the short term.
The support below mainly comes from the Fibonacci 0.5 level near 78,800 and support from the Vegas channel, which did not form an effective breakdown.
Currently, BTC has rebounded back above 81,000, so the short-term view is a rebound correction.
Key resistance levels above:
82,000—83,400
This is near the Fibonacci 0.618 level and also the third resistance of the Vegas channel, representing the first short-term resistance zone, a multiple resonance pressure zone. Resistance here may be a good point to consider short positions.
Key support levels below:
80,600–78,800, as long as support continues, consider long positions. $BTC