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Bitcoin today shows a strong oscillating upward trend, starting a powerful rebound after stabilizing above 79,755 early this morning. During the oscillation, it continuously broke through short-term resistance levels at 80,500 and 81,000, reaching a high of around 81,795. Currently, it is consolidating near 81,500 at a high level. Ethereum's movement remains highly positively correlated with Bitcoin, starting its upward trend from a low of 2,344, rising to around 2,399 before slightly pulling back to about 2,370. Throughout, it has steadily followed the upward movement, with strong market linkage and capital consolidation effects clearly evident.
On the daily chart, the upward channel continues to expand. After a previous pullback and accumulation, the price successfully shifted to a bullish-led oscillating upward rhythm. Bullish momentum is gradually released, causing the 5-day, 10-day, and 30-day moving averages to form a bullish alignment. Coupled with the MACD golden cross continuing and RSI maintaining a strong zone between 60-70, the trend clearly reverts to bullish, with a stable and sustainable upward structure. The four-hour chart continues to show a strong upward trend, with the price steadily rising along the upper boundary of the ascending channel. Each pullback quickly stabilizes and rebounds, exhibiting a one-sided strong upward technical characteristic, further solidifying the daily bullish foundation.
The current market indicates that bullish forces are continuously accumulating. Short-term pullbacks are healthy consolidations and do not signal trend reversals; instead, they are meant to release energy for subsequent upward attacks. From a capital perspective, Bitcoin perpetual contract funding rates have been negative for 66 consecutive days, with high costs for short positions, continuously forcing short traders to cut losses and exit, supporting the continuation of the bullish trend. Overall, today’s strategy remains focused on pulling back to position for long entries.
Specific trading suggestions: Pay attention to the support levels in the 80,800-80,300 and 79,500-78,800 zones. If support holds, consider low-risk long entries. Continue aiming for targets at 82,000, 83,300, 84,500, 85,500, and 87,500. When approaching these targets and facing resistance, consider reversing positions as appropriate, with a potential space of 500-6,000 points downward.