Based on the recent consistent market rhythm, today’s Bitcoin flat trading continues to follow yesterday’s trading logic. From the market perspective, it’s clear that the previous fixed point at around 78,000 has now become the low point for today. Yesterday, we relied on the support level of the top low to position for a long position, and the strategy of comparing prices for a rebound has been successfully validated by the current overall market. Therefore, during the flat market, this rhythm can be continuously replicated. Currently, there are signs of a bottoming process below the comparison level. Yesterday’s low at 78,128 is the first short-term support level. As prices continue to push higher, the short-term upward pressure gradually diminishes, and the previous resistance no longer exists. Currently, the comparison level remains oscillating at a high level. Although there is a short-term upward movement, it is mainly a rebound correction after a surge. The subsequent trend still favors a bullish upward movement.
Regarding the structural approach, I can confidently tell you that it remains bullish; this will not change due to short-term sideways oscillation. Moreover, the morning strategy from Lao Chen has already made this clear. Currently, the market is moving sideways instead of falling, and there will definitely be new highs in the future. Since it has been confirmed that there is no time cycle, but rather a slow rebound entering a correction phase, there’s no need to overthink. Let it jump around freely; this structural movement is not about retesting support but about building momentum. Currently, the weekly chart is entering a correction phase around the double top pattern. To achieve a second surge, more time is needed. Moving forward, we should focus on the correction cycle after the surge and follow the trend accordingly.
On Tuesday midday, Bitcoin was directly long around 80,300-80,000, aiming for 81,500. Ethereum was directly long around 2,350-2,330, aiming for 2,500.