Today, Bitcoin has demonstrated strong rebound momentum on the 1-hour chart. Despite several short-term pullback signals appearing in the market, we have consistently reminded everyone to be cautious of pullback risks and avoid blindly chasing the price. However, the market has not given short positions much opportunity, as the price has continued to oscillate upward from the low area. Although there have been slight fluctuations during the day, the overall structure shows a gradual rise in lows and continuous breakthroughs in highs. Especially after breaking through key resistance, the long positions sentiment has continued to ferment, with prices steadily rising, reflecting the market's firm confidence in the future. This sustained pump not only digested short-term selling pressure but also laid a foundation for the next phase of accumulation.

Judging from the current market, Bitcoin is still looking after stabilizing in the evening, but the price did not fall below the key area, but quickly stabilized after a brief adjustment. This unbreakable trend usually means that the market is still in the bull-dominated stage, and the short-term selling pressure has been gradually absorbed. Morphologically, the hourly level is still running within an ascending channel, the effectiveness of the support below has been verified, and the short-term retracement may provide a better entry opportunity for the bulls. If the price can hold the recent lows, it is expected to continue the rhythm of the volatile upward attack. In terms of operation, it is recommended to focus on the long order of the retracement layout, focus on the support strength of the trend line, and avoid contrarian operations. Overall, the market sentiment is optimistic, but it is necessary to be wary of sudden fluctuations and maintain flexible position management.

Short-term trading advice:
Bitcoin is long around 81600, targeting around 83600; Ethereum is long around 1530, targeting around 1610. #BTC #ETH