5.4 On Monday, Bitcoin is slightly strong and moving upward; in the morning, a continued pullback continues to be “dull”/choppy.

From last night to this morning, Bitcoin has maintained a narrow-range consolidation and the price has been trading in the 77,800–78,600 area. After the holiday, market sentiment gradually warmed up, and the risk of a high-level pullback has basically been digested. In the early session, the bulls steadily held firm around the key $78,000 level. Overall, the trend is showing a strong “accumulating energy” state. Bearish sell pressure is weak, and the market structure with bulls dominating is gradually becoming clear. The low-buy long idea given yesterday is also being gradually realized.

From a technical perspective, the 4-hour upward channel remains intact. Short-term moving averages are arranged bullishly, providing strong support to the price. The support level at 77,500 is solid; multiple pullbacks have not broken below it, showing strong bull defense. The 78,500 level is a short-term resistance zone. In terms of indicators, the RSI turns upward; bullish momentum continues to build. The chart has the technical conditions for an upside breakout, and in the next phase it is highly likely to print a consolidation-to-upward move. The bullish signal is clear.

Monday morning personal view: Bitcoin pullback—enter long positions in batches at 77,900–78,500, with a strict stop-loss set at $77,400. Targets are 79,500–81,000. For more conservative traders, wait until after a breakout above 79,500, then follow up with longs in the same direction; keep position sizing strictly controlled—just hold in line with the trend. $BTC ‌#比特币ETF期权持仓限额增4倍