🌹5/1 Midday Bitcoin Market Outlook

Rapid price swings in the market are not scary; what’s more exhausting are slow upward consolidations and downward declines. Currently, Bitcoin has experienced overnight consolidation with small fluctuations, and the trend is leaning towards sideways grinding.
Technically, Bitcoin has effectively broken out of the flag pattern and continues to stay above the upper boundary of the flag. As long as the pullback does not re-enter the flag pattern, the bullish rebound structure remains intact, with still potential for upward momentum; if the pullback falls below the flag zone, it will trigger an hourly-level downward consolidation, likely retesting the 74973 support level, testing the previous low to form a double bottom before seeking a rebound opportunity.

In the short term, the key resistance is at 77370. A successful breakout above this level would suggest a continuation of the rebound, with targets sequentially at 77923—78536. Only if the price stabilizes above this resistance zone can there be enough momentum to revisit the previous high.

Trading suggestions:
- Break above 76890 with volume, follow the trend to go long;
- If it falls below 76096 with volume and cannot recover on the rebound, follow the trend to go short, strictly set stop-loss.

Hourly level: Stay above 76640, with rebound targets at 77403—78476. Failure to break this level indicates limited bullish continuation.
4-hour level: Break below 75985, with downside targets at 74901—73668.