Analysis suggests that Bitcoin has broken through a key resistance level that was suppressing its price, and it may maintain strong fluctuations in the short term.

According to Mars Finance, Bitcoin broke through the $80,000 mark, rising approximately 2.6% to $80,150 in the past 24 hours, driving the overall crypto market higher. ETH rose 3.6%, and XRP rose 2%. Nick Ruck, director of LVRG Research, stated that this breakout broke through the key resistance zone that suppressed prices over the weekend, indicating a significant strengthening of short-term momentum. Dominick John, an analyst at Zeus Research, pointed out that the upward movement was accompanied by technical short-selling pressure. In terms of funding, US Bitcoin spot ETFs have seen net inflows for the fifth consecutive week, attracting approximately $154 million last week, indicating continued strengthening of institutional allocation demand. Analysts believe that if the inflow trend continues and is coupled with the impact of macroeconomic uncertainties, Bitcoin may maintain strong volatility in the short term. The market will focus on the impact of subsequent economic data and changes in risk sentiment on its price movement.