5.2 Bitcoin Morning Analysis

Market sentiment has improved. Bitcoin has ended its sideways consolidation and started a rebound. Supported at 76,500, the price surged to 79,400, and is currently stabilizing around 78,200. Over the past 24 hours, it is up more than 2%, with the bulls holding the advantage.

The daily chart closed with a bullish candle and held above the short-term moving averages, reducing the risk of a pullback. On the four-hour chart, the Bollinger Bands are opening upward; all indicators show strong bullish signals, confirming a short-term upward trend.

Key support is at 77,000-77,800 below. As long as it holds and is not broken, the bulls will remain in control. Resistance overhead is at 79,500; breaking through requires increased volume. Overall, price action remains volatile but upward.

Trading suggestions:
Go long in the 77,500-77,700 range, targeting 78,900-79,000. Buy low in line with the trend, and strictly manage risk. $BTC $ETH