BTC Intraday Market Review: Rallies to Resistance, Pullbacks, Bottom Testing and Rebound, Short-term Recovery

Today, BTC/USDT perpetual contracts exhibited a typical wide-range oscillation pattern, with clear overall volatility rhythm and heated capital battle sentiment.

In the early session, the price attempted to surge higher, briefly reaching above the 81,600 level, but failed to sustain the upward momentum, then entered a continuous decline channel, dominated by bearish forces, with the price falling steadily. In the afternoon, it tested the intraday low near 80,266, with downward momentum being released in full.

Near the low point, market support strength clearly increased, and the price began a rapid rebound and recovery. As of now, the price has regained above 80,700, successfully breaking above the short-term moving average, with an intraday gain of over 1%, and an intraday range of about 3.5%.

From the chart perspective, the current price remains below the 30-period moving average, indicating that the short-term trend has not fully reversed yet. The rebound is more of a correction after a decline. The key resistance zone is between 81,000 and 81,200. If this level can be effectively broken, further testing of the intraday high is possible; if the rebound encounters resistance and falls back, attention should be paid to the support around 80,500. Once this support is broken, there is a high probability of testing the intraday low support again.