🍐 5/2 Midday Bitcoin Market Outlook

Bitcoin failed to break above 78,536 (false breakout) yesterday, then pulled back, retesting the upper boundary of the flag pattern to confirm support before rebounding. The current attempt to break through 78,536 resistance has failed; the key focus now is whether a second attempt can succeed.
If the second attempt still cannot surpass 78,536: the hourly chart is likely to form a double top, indicating a short-term correction is needed. The pullback can be seen within the flag pattern, with the critical support at 77,370, which must not be effectively broken. If this support is lost, the current bullish trend weakens, and the next support levels are the lower boundary of the flag and 76,234.
If the second attempt with increased volume stabilizes above 78,536: the rally resumes, first targeting the previous high of 79,489; after breaking that, watch around 80,000. If the price surges near the previous high but fails to make a new high, there is a risk of a significant pullback; when caught between two difficult levels, the price is likely to oscillate within the 77,370–78,536 range.
Today is Saturday, with no key news, so the overall market will mainly consolidate and fluctuate. It is recommended to observe more and act less over the weekend.

Trading Suggestions:
- If volume breaks through and stabilizes above 78,367, consider aggressive follow-up entries on the long side.
- If volume drops below 77,449 and then rebounds without reclaiming, consider follow-up entries on the long side.

Hourly chart: If it stabilizes above 78,367, target 79,489–80,781; otherwise, expect sideways consolidation at high levels.

4-hour chart: If it breaks below 77,414, target 76,281–74,901.