Bitcoin Surges Above $81,000 as Market Eyes Key Support Range

Bitcoin rebounded strongly from a low of $74,800 to above $81,000, showing signs of resilience in the face of market uncertainty. According to technical and on-chain data, the key cost range for Bitcoin is between $76,700 and $77,700.

A decline in short-term holder supply, a rise in long-term holder supply, and a decrease in circulation frequency all indicate that the market structure is changing. However, current demand is not yet sufficient to constitute a supply shock.

The market's next direction depends on whether new buying can continue to absorb potential selling pressure from older inventories. Whether the price can hold above $77,700 will become the core signal for judging whether the short-term range has been effectively broken.