The BTC bullish trend remains unchanged; consolidation is building up energy for a breakout.



Yesterday, BTC faced resistance near 79,100 and pulled back, with the lowest dipping to around 78,000. It then stabilized and rebounded by relying on 78,000 support. This morning, it moved to around the high of 79,400. Overall, it shows a structure of “a spike up followed by a pullback + high-level consolidation,” and it has not broken the upward channel since late April. This is a healthy bullish shakeout.

Looking at the 4-hour chart, the DIF line shows signs of turning upward, and the risk of a dead cross is being eased. During the pullback, trading volume shrinks; during the rebound, volume expands. This matches the healthy bullish characteristics of “rising with increased volume, and pulling back with decreased volume.”

Go long directly near 78,000. First target: 79,500; if it breaks through, it could rise to 82,000.
$BTC $ETH
BTC2.24%
ETH3.08%
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