5.3 Midday Analysis: Support Rebound, Watching for No Change

Bitcoin continues to trade within the 77,800-78,300 range, consolidating in a box pattern. In the morning, it briefly surged to the 79,100 resistance zone before encountering resistance and pulling back. The current price has returned to around 78,200. As the holiday ends, market trading sentiment is becoming more subdued, but the market stability is evident. The core support zone remains solid, and downward correction momentum continues to be scarce.

On the daily chart, the medium-term upward trend remains intact, with the periodic moving averages in a standard bullish arrangement. The market relies on the moving average system to steadily rise, with a clear upward support logic. On the 4-hour chart, the market is oscillating along the short-term upward trendline, with the MACD indicator staying above zero, indicating healthy momentum. The bullish momentum persists strongly; the RSI is in a neutral zone, with no overbought divergence risk. The current sideways consolidation is not a sign of waning bullish momentum but a phase of accumulation and preparation for further upward movement. The market still has potential to break higher.

Trading Suggestions:
Buy within the 77,700-77,900 range.
First target: 78,800-79,000
Second target: 79,500-80,000
The oscillation and consolidation are just a prelude to gathering strength. Support levels reinforce the upward trend. The bullish pattern remains unshaken. Be patient, hold steadily, and wait for a breakout and rally. The trend is positive, and we remain confident that no change is coming.