5.6 Wednesday, BTC bulls are unstoppable, a new round of upside begins

Bitcoin has strongly broken through the previous high, surging to 81,700 intraday and hitting a three-month high. Since holding steady above the 80,000 level, bullish momentum has continued to release, and overall market sentiment has fully warmed up. The daily chart has closed with consecutive bullish candles; trading volume is steadily increasing. Institutional funds have entered the market to ride the momentum, and sell pressure is extremely light. After consolidating and digesting profit-taking at high levels, the price has strengthened again, showing a strong bull “squeeze” (bullish short-pressure) pattern, with the bullish trend clearly defined. Yesterday’s bullish call for 82,000 has basically been fully realized.

Technically, there is a bullish “confluence”: the price holds above the 50/100-day moving averages, and the moving averages are aligned bullishly. The Bollinger Bands open upward; price is trading near the upper band, opening up room for further upside. RSI is approaching overbought but not overheated. MACD golden cross is continuing, and bullish momentum is strong. Strong support is 80,500-81,000, while resistance is 82,200-83,500. A breakout will open up new upside space.

On Wednesday morning, my personal view: pull back to 80,500-80,000 and buy in batches. Defense: 80,200. Targets: first 82,200, second 83,500. In terms of execution, focus mainly on trading with the trend; enter steadily on pullbacks to support—do not chase price higher. After breaking 82,200, you can add to positions and hold, betting on trend continuation, and strictly control risk.#美国寻求战略比特币储备 $BTC