Reviewing the early morning market, Bitcoin surged to around 79,444 before facing resistance and pulling back, with a low near 78,360 for support. Currently, the price has rebounded to around 78,700. From a technical perspective, this retracement has not broken the short-term bullish structure; instead, after testing the buying strength below, it stabilized and rebounded, reflecting the bulls' willingness to absorb.

From support and resistance analysis, the 78,360 level has been tested multiple times as effective buying support, with a long lower shadow on the hourly chart indicating that the bears' downward push was hindered. The resistance above still focuses on the 79,444 level; once broken, there is potential to test the 80,000 psychological barrier. Regarding indicators, the MACD is showing signs of forming a golden cross near the zero line, with the green momentum bars gradually narrowing, and the RSI has rebounded from low levels to a neutral zone, indicating that the rebound momentum is building.

Overall, the morning’s bottoming and rebound are normal corrections within an upward trend. As long as the 78,360 support holds, the short-term bullish pattern remains intact. Trading strategies can rely on this support area, paying attention to the strength of the continuation after breaking through 79,444.