5/3⭐ BTC Market Update: The Daily Chart Pause Has Formed

Daily Level:
Although this rebound in BTC has volume support, the volume has already started to shrink during the upward move, indicating that the bulls’ driving force is weakening. Now, a red three soldiers pause pattern has formed at the daily chart’s high level, meaning the upward momentum is clearly slowing down. The short-term rebound is close to its end, so it’s not suitable to chase longs.

1-Hour Level:
The 1-hour MACD has just formed a golden cross, so there is still some rebound momentum in the short term. The price is also moving within an ascending wedge structure, so the market is likely to push again toward 79,500–80,000.

However, this area overlaps with the previous high resistance, liquidity overhead, and the 4-hour trendline resistance, which is more about running up to grab liquidity rather than a good spot to chase longs.

✍️ Core Key Levels:
Resistance: 79,500–80,600
Short-term Support: 78,000–77,800
Key Levels Below: 75,000 / 74,850

Summary: BTC has already formed a high-level pause on the daily chart. Even though there is still a golden cross rebound on the 1-hour chart, 79,500–80,000 is a strong resistance zone. This is a better area to observe a pullback after a push higher. If it breaks below 78,000–77,800, the 1-hour ascending wedge will break, and the risk of a short-term decline will increase noticeably. Therefore, if a top signal appears around 79,500–80,000, you can start positioning some short exposure; if there are any long positions, take protective measures in time. If you like Fengling analysis, feel free to click follow~ You can also subscribe to the same name on the YouTube channel~#BTC