5.2 Bitcoin Midday Analysis: Strong Support, No Fear of Low Buying

Bitcoin is currently only 1,700 points away from the 80,000 resistance level. Looking at the market trend, the recent upward high is very likely to touch the 80,000 range.

The current primary resistance zone is at the 80,000 level, corresponding to the three-day moving average resistance; the secondary strong resistance is at the 85,000 weekly key level. I still believe the market will challenge the weekly target level.

Today’s focus is on whether it can hit a new high, break through 80,000 with increased volume, and stabilize effectively. If the upward momentum is insufficient, a short-term technical pullback is highly probable. But the overall trend should not be worried about; as long as the support at 77,000 holds, the bullish structure remains intact, and the market stays in a safe zone throughout.

Trading Suggestions:
Bitcoin should be positioned around 77,500-77,600
First-tier target: 78,800-79,000
Second-tier target: 79,500-80,000
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