Thursday, 5.7, warm sun breaking through the fog! The bulls are steadily advancing, and the upward trend is gradually improving

After enduring a long period of oscillation and dormancy, BTC finally welcomes a sunny breakout like clearing the fog, with bullish forces quietly gaining strength, and the price steadily surpassing the key level of $80,000. The trend is neither hasty nor impatient, rising step by step, and market sentiment is warming up, with trading activity becoming more lively. The previous confusion and oscillation have completely dissipated, and a clear upward trend is now evident. Yesterday’s bullish target of 82,200 - 83,500 was perfectly fulfilled. Keeping pace allows for big gains.

From a technical perspective, on the daily chart, the price is steadily climbing along the short-term moving averages, with the moving average system showing a neat bullish alignment, and the upward trajectory is very clear. The MACD bullish momentum continues to be released, with strong upward energy, the RSI indicator is gradually strengthening without entering the overbought zone, and the Bollinger Bands are opening upward in line with the trend, providing ample room for further upward movement. The former resistance at $80,000 has now become a solid support, with a stable foundation below, making the bullish trend more smooth.

On Thursday morning, my personal view is to mainly buy on dips: enter in batches within the $79,500 - $80,000 range, with a stop loss below $78,000, the first target is $82,500, and the second target is $83,500.

Wait for the market to dip and stabilize before re-entering, avoid blindly chasing highs, maintain a calm mindset and proper position management, and follow this gentle bullish rhythm to steadily seize market opportunities. $BTC ‌#比特币站稳8万关口