From the hourly perspective, the current Bitcoin market is overall in an upward state. The market surged towards 85,000 in the early morning before quickly falling back, forming a large bullish candlestick with a closing price higher than the opening price. Coupled with a simultaneous increase in trading volume, this indicates that bullish forces are gradually gaining dominance in the short term.

Recently, trading volume has been continuously rising, with price and trading volume showing a 'double rise' pattern, reflecting an increase in market participation enthusiasm and significant capital inflow. The last candlestick closed positively with a relatively long body, further validating the strong upward momentum in the short term. If trading volume remains high, it may drive the price to break through resistance. Although the MACD histogram is still in the negative range, the reduction trend is significant, indicating that bearish pressure is gradually weakening and bullish forces are accumulating. The KDJ value has reached the oversold area (J=5), indicating a short-term technical correction demand, but no clear golden cross signal has appeared, so caution is needed regarding the sustainability of the rebound. First support: 82,022.0; if lost, it may retest around 81,600. Core resistance: 84,701.0; breaking through may open up upward space to the 85,000 level.

What needs to be noted is the breakout situation of the upper pressure; be vigilant of the peak inflection point of the MACD histogram. If there is a reduction in volume, it may trigger a pullback. The DJ value is currently at 34, in the neutral zone, without forming a clear golden cross or death cross signal, reflecting a temporary balance between bulls and bears. If the price breaks through the resistance level, the KDJ may quickly move towards the overbought area; conversely, it may retest support. First support: 1,864.0; if lost, it may test the 1,850 level. Core resistance: 1,934.0; after breaking through, pay attention to the selling pressure around 1,950.84. Short-term volatility range: 1,864.0-1,950.84; breaking in either direction may trigger a trending market.