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Thursday Thoughts | The 80k level is clearly being held down, and the rebound is a spot to sell
First, let’s start with the conclusion:
The 80k area is being pressed down very firmly, and the short-term risk is tilting downward.
Yesterday’s price action wasn’t actually complicated: the big coin surged to 79,400 and was quickly pushed back down. Our high-side bearish idea we gave in advance also played out smoothly—BTC gained about 1,300 points, and Ethereum also captured 80 points of upside space.
The logic was also confirmed:
This rebound is supported more by news and sentiment, not by sustained capital and follow-through volume. Once sentiment cools down, the pullback is only a matter of time.
The continued weakness in the early session also shows one thing: there really is pressure above—this isn’t fake. So how should we look at it next? With the big coin repeatedly under pressure below 80k, the thinking stays the same: prioritize shorting rebounds, and be cautious about chasing longs.
Focus on two key points:
Above: Can the 80k resistance break through?
Below: If the key support is broken, the upside room will be opened up.
Trading reference:
Bitcoin: 79,000–79,500, short in batches; targets: 77,500. Defense: 80,000. If 77,500 doesn’t break, you may consider flipping to a short-term long.
Ethereum: Short around 2,390; target 2,330. If 2,330 doesn’t break, you may consider flipping to a short-term long.
If 80k can’t be broken from above, it’s weakness—the rebound is an opportunity. Short first, then watch for support to take hold at lower levels. #Gate13周年现场直击 #Meme板块涨近5% #SpaceX花600亿购买Cursor $BTC $GT $ETH