The short-term market enthusiasm has been ignited!

Bitcoin, after more than three months, has finally stabilized above $80,000 again! According to the latest data on May 5th, BTC has successfully broken through the previous downward trend line that was suppressing it, showing a clear upward trend on the daily chart. When the market top benchmark remains steady, any movement triggers collective market sentiment to take off!

Follow the brothers to analyze the technical aspects of four popular coins, no FOMO, no reckless guesses:

⚠️ BTC (around 81,000): No reversal signals on the small timeframe, but daily indicators are relatively strong. The first key resistance area above is at $85k, but there is still a potential for a pullback along the channel’s lower boundary. This level is the real indicator to test the recent upward trend.

⚠️ ETH (around 2,377): Moving in tandem with Bitcoin and showing signs of a rebound, it has stabilized above the critical support at 2,360 in the short term, with the daily bullish structure intact. The current key focus is on the previous high zone of 2,390-2,400.

⚠️ SOL (around 84.5): Recently started a slight rebound from around 83.20, currently consolidating around 85, closely watching whether it can solidify its position and attempt to break through the short-term resistance at 85.50.

🧐 DOGE (around 0.1115): The meme coin leader has surged over 10% recently, with RSI quickly rising into the high zone (indicating potential overbought). There is still short-term upward momentum, but facing resistance at 0.1160, keep an eye on the consolidation pace.

Regarding external sentiment, progress around the "CLARITY Act" and the stablecoin yield compromise plan is expected to clarify industry regulation directions and boost overall market expectations. If this crypto legislation passes smoothly, it will be seen as a major potential positive event for risk reduction in the industry.

Brothers, as always: look at the big picture for trends, focus on details to control risks. Don’t blindly chase after gains, and don’t panic during pullbacks.

If you find the analysis useful, give a like and follow for firsthand updates. Old K will guide you daily on order book analysis and timing!

😎 Comment below—Will Bitcoin’s next move push it to 85K, or will it first test support?

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The above content is for informational exchange only and does not constitute any actual advice. Please make decisions based on your own situation.