#Bitcoin faced resistance near 81,200 today and experienced a short-term pullback, but the overall trend remains strong, with no clear signs of a short-term rebound peak.
No top-level close was seen on the hourly chart, and the pullback did not show significant volume increase. After the pullback, the hourly chart stabilized, indicating the overall trend is still good.
This means the pullback near 81,200 is just a short-term confidence shakeout and does not prove the rebound is over. However, it also signals that market confidence in this rebound is still insufficient, as some are willing to sell chips even as new highs continue.
Therefore, for the rally to continue, macro factors need to cooperate to provide the market with more confidence. Currently, the most direct positive factor would be a further drop in energy prices, with international energy falling below 85 or even 80.
The next key breakout point is 82,600; breaking above the previous daily high will boost market confidence. The next key resistance is near 84,200, which is the critical point of this rebound. Whether the price can continue to rise depends on breaking and holding above 84,200.
In the short term, the pullback is still supported by the relatively strong hourly trend, with support around 78,400 and 78,000.
Of course, whether the price can be pushed higher still depends on data, which remains one of the core factors. We will look at ETF and crypto market data shortly! #BTC突破80000美元,能否站稳新关口
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more