#Gate广场五月交易分享 Bitcoin Price Trend Analysis Today


Bitcoin has once again risen above 780, with the trend shifting from weak to strong.
Before the interest rate announcement, the previous high was at 782, which was broken, directly reaching 790.
And 790 is a slightly strong resistance level, unlikely to be easily broken, and when approaching it, a pullback occurred, followed by oscillation and consolidation.
Although it did not break 790 last night, based on the current closing, the daily chart still remains at a high level, so the bulls will continue to test the resistance above.
If it pushes above 790, then the 80k integer level will be within reach.
Overall trend structure shows that recently, the daily chart has been in an upward parallel channel, but on the day the Federal Reserve announced, it fell out of the upward channel, now rebounding to a high level, even breaking higher.
Although there is still significant selling pressure above, market sentiment is high, and capital inflows continue.
This is the third wave of upward testing, and the most promising one, with a break above 8.2 to 8.5.
If all three attempts fail to break through, the trend will turn weaker, possibly dropping to 7.2 or 6.8.
Currently, the possibility of breaking upward looks greater.
Pullbacks are still considered buying opportunities.
Buy near 780 to 776, with a focus on 8.05 to 8.15.
Sharing for discussion, no investment advice provided!!!
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Ryakpanda
#Gate广场五月交易分享 Bitcoin Price Trend Analysis Today

Bitcoin has once again risen above 780, with the trend shifting from weak to strong. Before the interest rate announcement, the previous high was around 782, which was broken to reach 790. Meanwhile, 790 is a slightly strong resistance level that won't be easily broken, and as it approached, a pullback occurred, followed by consolidation. Although it did not break 790 last night, based on the current closing, the daily chart still shows a high position, so the bulls will continue to test the resistance above. If it pushes above 790, the 80k integer mark will be within reach.
    Overall trend structure shows that recently, the daily chart has been in an upward parallel channel, but on the day the Federal Reserve announced, it fell out of the upward channel. It has now rebounded to a high level, even breaking higher. Although there is still significant selling pressure above, market sentiment is high, and capital inflow continues. This is the third upward attempt, and the third wave is the most promising, with a break above 8.2 to 8.5. If all three attempts fail to break through, the trend will turn weak, possibly dropping to 7.2 or 6.8. Currently, the possibility of breaking upward is higher. Pullbacks are considered buying opportunities.
    Near 780 to 776, look for 8.05 to 8.15.

Share and discuss, no investment advice provided!!!
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XiaoXiCai
· 3h ago
Get in quickly!🚗
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XiaoXiCai
· 3h ago
Hold on tight, we're about to take off🛫
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XiaoXiCai
· 3h ago
Confident HODL💎
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XiaoXiCai
· 3h ago
Just go for it 💪
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XiaoXiCai
· 3h ago
Hold on tight, take your seat, we're about to take off🛫
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XiaoXiCai
· 3h ago
Get in quickly!🚗
View OriginalReply0
XiaoXiCai
· 3h ago
Get in quickly!🚗
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Ryakpanda
· 4h ago
The bull quickly returns 🐂
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Ryakpanda
· 4h ago
Steadfast HODL💎
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Ryakpanda
· 4h ago
Buy the dip 😎
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