5.4 Morning Analysis: Retracement in place, stabilizing and rising

Since overnight until this morning, Bitcoin has maintained a narrow range sideways consolidation, trading within the 78,000-79,000 zone. Post-holiday market trading sentiment is steadily recovering, and the risk of a pullback from the previous high has been fully released. In the early session, prices stabilized above the key 78,000 level supported by bullish momentum, and the market is in a strong accumulation phase. Selling pressure from the short-term downtrend continues to weaken, and the dominant control pattern of Bitcoin is becoming clearer. The previously laid-out low-level buy logic has gradually been realized.

On the four-hour chart, the upward channel structure remains intact, with short-term moving averages diverging in a bullish pattern, continuously providing support below. The support around 77,500 has been repeatedly tested and confirmed effective, with multiple attempts to break below failing, demonstrating strong bottom defense resilience. There is resistance at around 78,500 above, with increasing bullish momentum, and technical indicators show conditions favorable for a breakout. The short-term upward structure is likely to continue, with a clear bullish trend signal.

Trading Suggestions:
Buy Bitcoin in batches within the 77,600-77,800 range.
Target 79,000-79,500, strictly follow the upward trend, and control the position size.
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