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The intra-day Bitcoin first surged higher and then pulled back, forming a typical surge and retracement pattern, with the overall rhythm showing a rapid rise followed by a synchronized correction. The price formed a short-term double top around 79,500, encountering resistance on the upside and then oscillating and falling back, but overall the intra-day trend remains bullish and no trend weakening has occurred.
Although there is a correction in the short term, the overall bullish structure has not been broken, and the main trend still leans strong.
The 79,500 level has formed a short-term double resistance, with two consecutive attempts to break through unsuccessful, indicating some selling pressure above.
Key support below is concentrated around 77,000, which is the core defense line for the intra-day bulls. As long as this level is not broken, the short-term pullback is seen as a normal correction during the upward move and does not change the overall bullish pattern.
If there is a third attempt to test the resistance above, the probability of a breakout will significantly increase.
Evening strategy: Focus on low buying, maintain support positions
* Buy in batches around 77,000
* Defense: 76,400
* Target: 78,500-79,000
* If broken, look above 79,500