Based on the daily chart of Bitcoin, after a rapid correction with three consecutive bearish days and testing support near the middle band, the price has now formed a small rebound with a slight bottoming out, showing a moderate upward movement. The overall daily chart pattern still remains stable within the triangle range, and the current upward trend structure remains stable. In terms of medium to long-term strategy, the continuation of the upward trend is still expected. In the short term, on the hourly chart, the continued rise of the US stock market has driven the price to break above the upper band with a large bullish candle, forming a short-term strong overbought condition. The price is testing support below 79k, showing a pattern of bullish engulfing with a slow upward oscillation. From the overall recent market performance, it is still difficult to see a strong continuation at the current position. Therefore, after the overbought condition, we will continue to watch for a correction and repair during midnight and early morning hours. Rebound opportunities for short-term high positions can be considered for layout.



Bitcoin is short around 80,000-80,500, watch near 79,000.
Ethereum is short around 2,270-2,280, watch near 2,220.
BTC-0.25%
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