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May 4th, Xiaoyue Lunchtime Bitcoin Analysis
Since the bottom around 78,000, Bitcoin has stabilized and started a strong rally, with the highest point directly surpassing 80,600. The support at lower levels is very solid, and bullish momentum continues to be released, with a clear overall upward trend. Although there was a slight pullback after the surge, the price remains firmly in the high zone, indicating that this is just short-term profit-taking and has not broken the overall upward trend. Currently, the price is still above the key support level, and the bullish dominance has not changed. As long as the support strength is maintained, the momentum for further upward movement remains sufficient.
Trading suggestion:
Gradually buy in the 78,900-79,400 range, aiming for a target between 80,900-81,400.