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The trend is strong, but chasing the highs is always the most expensive move!
5.6 Trading update:
Big Cake: around 80,500, with a target of 81,600-82,000.
From May Day to now, Big Cake has put in a pretty solid run of market action. The core logic is simple: geopolitics has calmed down a bit + whales are buying + shorts are getting squeezed, with three “BUFFs” stacking together—pushing the price from 75k all the way to 81k. Right now, Big Cake is continuing the strong post-holiday momentum; the price is still consolidating above 81,000. This is technical consolidation after a strong breakout, not a sign of a trend reversal!
Looking at the daily structure, Big Cake is already holding above all short-term moving averages. The 50-day moving average, around 77,000, is providing solid support. The price has effectively broken through the resistance of the downward trendline that has been in place since January, and the medium-term trend has shifted into a bullish setup! #比特币站稳8万关口 $BTC