#Gate广场五月交易分享 Bitcoin's latest price analysis and trading suggestions for the morning

During the early hours, Bitcoin showed a strong unilateral upward trend, with sustained volume after stabilizing above the key support at 78,000, reaching a high of around 79,400. The current price is consolidating near 79,100, with multiple consecutive bullish candlesticks on the hourly chart, breaking through the previous consolidation platform. The short-term moving averages are already in a bullish alignment, and the overall trend is dominated by bulls.
From volume, price, and indicators, this round of rally was accompanied by a significant increase in trading volume, indicating a capital-driven breakout rather than a volume-less surge. The MACD has formed a golden cross above the zero line and continues to diverge, with bullish momentum bars steadily increasing; RSI is above 70 in a strong zone, not yet seriously overbought, leaving room for further upward movement. The 78,000 level has shifted from resistance to strong support, with resistance above focusing on the 79,500-79,800 range.
Overall, Bitcoin has completed its directional choice, and the bullish trend is clear. As long as the price stays above 78,000, it is advisable to mainly buy on dips, waiting for a breakout above 80,000 for an accelerated rally. Be cautious of the high leverage risks in futures trading and be sure to set strict stop-losses.