May 5th Xiaoyue Morning Big Pie (Bitcoin) Analysis

From the one-hour market view, Bitcoin surged up to 80,776 and then clearly met resistance. Multiple attempts to push higher failed to break through the prior high, with repeated pressure at high levels. Bullish momentum has continued to weaken. The earlier sharp rally consumed a large amount of momentum; afterward, the strength of rebounds has been getting weaker and weaker. The price has been hovering in high-level consolidation throughout, lacking new incremental capital to push things higher. Even the follow-through support below is not particularly strong. Overall, it shows a condition of “weak follow-through after pumping highs” and “stalled gains at high levels.” Bearish selling pressure is gradually accumulating, and there is short-term risk of a pullback and adjustment.

Operation suggestions:
Build positions in batches within the 80,700-81,200 range for what you will do, and look for targets in the 78,700-79,200 range.
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