5.3 Morning Analysis:



Bitcoin hourly chart surged to 79199 then quickly pulled back, forming a long upper shadow and resistance pattern; the KDJ indicator turned down from a high level, with the J value leading the decline, indicating short-term bullish momentum is exhausted, and a strong correction is needed after overbought conditions.
After a surge with increased volume, the trading volume quickly shrank, showing clear signs of the main force taking profits by pushing prices higher; the short-term strong resistance level is at 79200. The current price faces resistance and pulls back, likely continuing the correction trend, with attention to the support at 78000.
Trading suggestion: Short at 79200-79700, target 77200-77700.
BTC-0.31%
GT-0.41%
LAB-24.76%
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