5.5 Bitcoin Analysis

Bitcoin overnight tested the bottom and stabilized, once again standing firm above the 80,000 integer level. The market steadily rebounded from a low of around 79,715, with the current quote at 79,924, reaching a high of 80,771 intraday, fully recovering the early morning pullback.

The market quickly stopped falling and rebounded around the 79,700 level, forming a standard V-shaped reversal pattern, indicating that the buying support below is very solid, and the bearish selling momentum was quickly absorbed by the bulls.

In the short term, the 79,500-79,700 range has formed a solid support zone, and the early rebound never effectively broke below it, completing sufficient turnover and accumulation. The previous resistance at 80,700-81,000 has been touched; once a volume-driven breakout occurs, the upward space will be fully opened.

Trading Suggestions:
Market sentiment continues to warm up, and bullish momentum is steadily releasing. Be sure to manage positions reasonably. In the short term, consider light positions around 79,000 and look for a breakout above 81,000. As long as the key support at 78,000 holds and is not broken, the bullish upward trend will remain unchanged. Hold onto the trend accordingly.