Wednesday, May 6th, BTC bulls unstoppable, a new rally begins

Bitcoin strongly breaks through previous highs, surging to 81,700 intra-day, hitting a three-month high. Since stabilizing above 80,000, bullish momentum continues to release, and market sentiment fully warms up. Daily candles close with consecutive gains, trading volume steadily increases, institutional funds enter the market with the trend, and selling pressure is minimal. After digesting profit-taking through high-level oscillations, the price strengthens again, showing a strong squeeze pattern, with a clear bullish trend. Yesterday’s bullish target of 82,000 has been mostly fulfilled.

Technical aspects show a resonant bullish pattern: the price stabilizes above the 50/100-day moving averages, with the moving averages in a bullish alignment. The Bollinger Bands are opening upward, with the price near the upper band, opening up space for further upward movement. RSI approaches overbought but not overheated, MACD shows a continued golden cross, and bullish momentum is abundant. Strong support is at 80,500-81,000, with resistance at 82,200-83,500. Breaking through these levels will open new upside space.

Wednesday morning personal view: buy on dips in stages at 80,500-80,000, with a stop-loss at 80,200. Targets: first at 82,200, second at 83,500. Follow the trend for trading, enter on solid support during dips, avoid chasing highs; after breaking 82,200, add positions and hold, betting on trend continuation, with strict risk control. #美国寻求战略比特币储备 $BTC