5.5 Bitcoin Morning Analysis Support Holds, Trend Continues Upward

Bitcoin has re-approached the 80,000 integer level from last night to this morning, rallying from around the low of 79,715. The current price is 79,924, with a high of 80,771 during the session, successfully recovering the early session’s pullback. Especially after stabilizing and rebounding near 79,700, forming a classic V-shaped reversal pattern, indicating strong buying support below, with rapid absorption of sell pressure by the bulls.

From a short-term structure perspective, the 79,700-79,500 zone has formed a strong support area. The early session’s pullback did not break this range but instead completed a shakeout here. Meanwhile, the previous high of 80,700-81,000 was also touched during this rebound. If an effective breakout occurs, the upward space above will be fully unlocked.

Trading Suggestions:
Currently, market sentiment is warming, and bullish momentum is continuing to be released, but position management remains essential. In the short term, you can rely on the support at 79,500 to lightly follow long positions, paying attention to the breakout of 81,000; medium-term, as long as the price does not fall below the key support of 78,000, the bullish trend will not change.
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