In today's market, Bitcoin started around 69,000 and rose to about 75,000 in a few hours, indicating that this surge is significantly influenced by the news surrounding the American elections. Many of us have underestimated the impact of news, resulting in many either exiting too early or getting trapped in short positions midway.

In my recent market analysis, I have consistently emphasized that if there is news stimulus, it is possible for Bitcoin to stage another V-shaped recovery. Technical analysis typically judges the market based on existing structures, patterns, and indicators. When a significant downward force disrupts the upward structure, we tend to believe that the rebound won't surpass previous highs. However, when impactful news emerges, it can completely change this short-term situation, leading to a market performance that exceeds expectations.

So, after the current surge, how will Bitcoin move? Will it rise to 80,000, or will it pull back again soon? I think we need to observe for another couple of days, at least in the short term, as this upward structure may still not be complete. Let's see how things look on Friday night.

Boyan's trend direction judgment:

Weekly level: Direction is upward, currently experiencing a new weekly upward movement, with an overall target of 100,000+

Daily level: Direction is upward, focusing on the daily upward movement, primarily watching 77,000, and looking for a breakout to 80,000

4-hour level: Direction is upward, the 4-hour level correction view has been rejected, short-term focus on the resistance in the 76,000~77,000 range

1-hour level: Direction is upward, the 1-hour upward movement should not be over yet, focusing on 76,000 above

15-minute level: Direction is upward, after a short-term 15-minute correction, there is still a 15-minute level rebound to look for.