Yesterday, Bitcoin staged a typical price action, with the price rapidly surging to a high before quickly retreating, resulting in intense Bull vs Bear Battle. During the early session, market sentiment surged, driving the coin price upwards to test the key resistance level, but subsequently faced a strong counterattack from short positions, causing the price to plummet and pull back all gains. This rapid rise and fall not only cleared out short-term leveraged long positions but also caused the market to re-enter a consolidation phase in the key area.

From the current structure, Bitcoin is still in a fluctuating upward channel. Although there was a sharp fluctuation yesterday, the price has not fallen below the important support platform below, indicating that the bulls still hold the short-term initiative. In the 1-hour level trend, the pullback lows are gradually rising, and each time after a dip, there is a quick rebound, showing that the market has a strong willingness to buy on dips. In terms of operation, it is recommended to continue with the "low long" approach, focusing on stabilizing signals after retracing to the bottom of the channel or key support levels. If the price can stabilize at the upper edge of the current range, it is expected to further open up upward space. It should be noted that the market volatility is relatively high recently, so it is necessary to strictly control positions and avoid chasing highs and selling lows. Overall, although the short-term market is fluctuating repeatedly, the pattern of slowly rising fluctuation centers remains unchanged. Everyone can remain patient and wait for opportunities to enter in batches after a pullback.

Short-term trading advice:
Bitcoin is positioned long around 78800, with a target focus near 81500; Ethereum is positioned long around 1500, with a target focus near 1570.