5.3 Sunday Bitcoin Analysis

The current market remains in a high-level oscillating upward structure, with the highs and lows gradually rising, indicating that the bullish trend remains resilient; however, selling pressure above is concentrated, and the resistance effect is significant. In the short term, the momentum for a one-way breakout is limited, and close attention should be paid to the effectiveness of breaking through key resistance levels.

The core resistance is locked at the 78,800-79,500 level:
If a volume-driven effective breakout is not achieved, the market will continue the current range-bound oscillation pattern, mainly trading within the structure's wave segments;
If the resistance zone is effectively broken through, the upward space will further open, and the bullish trend is expected to continue and extend.

The core support is anchored at the 78,000 key level:
Once the market stabilizes at this level and stops falling, with declining downward momentum, it can be opportunistically long, aiming to capture a structural rebound and profit-taking.

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