5.6 Wednesday Morning Market Analysis

Overnight, the long setup took profit precisely in the early morning and was closed. For the intraday pullback, the low-buy and long-follow approach remains unchanged. Stay firmly bullish on the trend—don’t let the market’s short-term bearish sentiment throw off the pace.

After the market surged strongly in the early morning and then consolidated sideways at high levels, the bulls fully took control of the market. The big pie’s (BTC) highest push reached the 81,750 area; after the pullback, it found support and stabilized, then kept bouncing higher with continued range-bound upward movement. The swing longs perfectly matched the market rhythm—multiple ambushes at low levels were all executed cleanly, turning into steady profits that are safely in hand.

The current market movement logic is very clear: after a surge, there must be a pullback to shake out and build momentum, and the pullback is a great opportunity to go long. After repeated dips to test support, a solid bottom was successfully formed. The short-term bottom support is becoming even more solid; the weekly large-scale bullish trend remains intact. Overall, keep sticking to the mainly bullish playbook and don’t change the core approach.

Trading Suggestions

Build long positions in batches within the 80,000–80,500 range. The upside targets are in the 82,000–83,000 range. Strictly control position size, set stop-losses properly, and follow the trend to capture swing profits.