Bitcoin has formed a W bottom on the 4-hour chart, with a double bottom at 74500 below. Last night it rallied, and today it is consolidating horizontally to recover, using sideways movement instead of a decline. The level of 81200 has been tested multiple times without breaking down. The support levels below are 80300 and 79500. This evening, consider setting up long positions around 81200, 80300, and 79500, with targets looking at 82500, 83500, and 84500.