5.4 Bitcoin Analysis

The 1-hour chart shows a clear bullish uptrend, with the price strongly moving along the upper band of the Bollinger Bands, and the middle band continuously providing support from below. There are no obvious signs of trend exhaustion yet.

The MACD indicator is simultaneously reaching new highs, forming positive resonance with the price movement, with no signs of bearish divergence. The bullish momentum is still being released; however, after breaking above the upper Bollinger Band, the short-term overbought signal is evident, indicating a technical pullback to the upper band may be needed.

Market bullish sentiment is clearly high, and the short-term trend still has upward momentum.

First resistance: 80,000-80,500
Second resistance: 81,500

First support: 79,500-79,000
Second support: 78,500

If the price pulls back and stabilizes within the 79,500-79,000 range, consider a small long position, with a stop-loss set below 78,800, targeting 80,200-81,000.

Once the price effectively breaks above the intraday high of 80,184, you can add to your position, moving the stop-loss up to 80,000, with a target of 81,500.

If the price encounters resistance and pulls back within the 80,000-80,500 range, accompanied by MACD bearish divergence signals, consider a small short position, with a stop-loss above 80,800, targeting 79,200-78,800.

Strictly control position sizes, trade quickly in and out, and avoid directly opposing the current bullish trend.

In the evening or due to subsequent news, market volatility may increase. Be sure to set proper stop-losses to avoid unnecessary losses caused by emotional trading. $BTC $ETH #WCTC交易王PK #美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #美联储利率不变但内部分歧加剧 #DeFi4月安全事件损失超6亿美元