5.4 Midday Market Analysis

In the morning, Bitcoin continued its strong bullish trend, stabilizing above the key level of 78,000 with persistent high-volume buying. The bulls pushed aggressively, reaching a high of around 80,600. Due to short-term profit-taking pressure, the price then entered a high-level consolidation and correction phase. Our two long positions were successfully closed with a profit of 1,800 points, and the overall market remains dominated by bulls.

Technically, a strong breakthrough of the 80,000 integer level is of symbolic significance, fully opening the upward space on the daily chart. The hourly chart shows a slight pullback, but the price remains above the MA10 moving average, which is in a healthy bullish alignment. The MACD bullish momentum has slightly contracted, and the RSI has pulled back from the overbought zone, which is a normal technical correction after a breakout and not a trend reversal.

Trading Suggestions
Buy in batches near 79,000-79,500 for Bitcoin, targeting 81,000-82,000
Buy in batches near 2,340-2,360 for Ethereum, targeting 2,400-2,440