5.5 Tuesday, surge high then pull back to shake out and gather strength! The bullish stance remains unchanged



Last night, BTC surged to a high of 80700, then pulled back slightly. It is currently at 79900. The retreat is a benign shakeout and consolidation adjustment. The overall bullish trend remains firmly grounded; this is not a weakening reversal. It is only a brief accumulation and rest at high levels. Market funds still have a strong preference for the bulls, so the room for further pullbacks is limited. Yesterday, the outlook given for 77900 offered a bullish scenario, and it delivered an overall gain of 2000+ points. Friends who followed the pace have all taken off.

On the daily timeframe, the bullish alignment is intact, and the rising channel remains complete. The four-hour surge and pullback is a normal retest-and-repair after a breakout. The bullish momentum on indicators has not diminished, and there is no top divergence pattern. In the short term, 79500—80000 has formed a strong support zone. Below, the key line of defense is 79000. On the upside, the first resistance is still expected at 80700. If it breaks through again, it will open up upward space and push toward higher ranges.

Tuesday morning Bitcoin personal view: buy in batches within the 79500—79000 range, and set the stop loss at 78000. The first short-term target is 81000. After stabilizing and breaking through, continue to look up at 82000. The current pullback is only shakeout consolidation—do not be misled by short-term declines. Go long in line with the trend to capture the bullish market. $BTC 9
BTC0.85%
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