$BTC


The May Day holiday continues trading, market opportunities wait for no one
This morning, Bitcoin bottomed around 78,000, then quickly surged driven by bullish momentum, reaching a high of 80,590, an increase of over 3% at one point, but after the surge, it experienced a slight pullback, currently oscillating near the 80,000 level, with trading volume significantly increasing during the rally phase, showing a strong "bottom exploration - rally - high-level consolidation" pulse pattern.
The four-hour bearish trend has deteriorated, the price has broken above the midline at 78,386, with highs and lows beginning to rise, shifting the strategy from rebound shorting to dip buying. As long as it does not fall below the midline, any pullback is an opportunity to buy in, with the buy zone around 78,386-78,500, and stop-loss placed below 78,000. The first target above is 81,500, and after breaking that, look for above 83,000. The only thing to be cautious of is the previous high at 80,590; if it cannot break through and falls back below the midline, it would be a false breakout, and bullish strategies should be temporarily set aside.
Afternoon trading suggestions
Buy near 79,200 with a target of 80,700
Buy near 23,30 with a target of 23,90
BTC-0.15%
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