Bitcoin's overall trend today continues to oscillate at high levels, currently trading around 80k. In the short term, it has repeatedly tested above 82k but has not yet broken through effectively, indicating that selling pressure above still exists. The intraday pullback appears to be a normal digestion after the rally and does not signify a trend reversal.

From the market perspective, the recent upward momentum of Bitcoin mainly comes from three aspects: first, the market risk appetite has improved, and funds are flowing back into cryptocurrencies; second, previous short positions were heavily liquidated, pushing prices higher rapidly; third, institutional funds and related capital are continuously paying attention, providing support for medium- to long-term trends.

Technically, the short-term focus is on the support zone between 78k and 80k. If this area can hold, there is still a chance to challenge around 83k later; if it breaks below, a deeper correction may follow. Overall, Bitcoin's medium-term structure remains relatively strong, but in the short term, it is more likely to consolidate with oscillations, so caution is advised when chasing highs. #BTC回调 $BTC $ETH