Tuesday morning, May 5th

Looking back at yesterday, yesterday morning signaled that Bitcoin was about to break through 12,000 points, clearly indicating that as long as 78,000 holds, it can go higher, with an overall straight upward trend of 2,000 points. Later, it faced resistance at 80,500 and pulled back, which again aligned with our entry point. In the evening, it rebounded near 78,000 support, forming a range-bound oscillation. The effect yesterday was quite good!

The key support level for Bitcoin has been repeatedly confirmed. The long-term bullish trend remains intact, and the overall upward rhythm has not been broken. After a round of bullish and bearish battles, the market’s oscillation center has steadily moved higher, with the bulls still holding absolute dominance. Moving forward, focus on the critical resistance at 80,500. Whether it can be effectively broken and stabilized here is the core signal for the bulls to open a new upward space. Intraday trading should adhere to the core idea of buying low and holding.

Bitcoin: During the pullback near 79,000-78,500, buy in batches, with targets first at 81,500-83,000. If there is resistance around 82,000, consider lightening positions.

Altcoins: During the pullback near 2,280-2,320, buy, with targets aiming at 2,380-2,450.