5.7 Midday Analysis

The four-hour chart clearly shows the market pattern. Bitcoin previously experienced a strong surge, starting from the low point of 74,868 and continuously rising. After reaching the high of 82,828.7, the upward momentum weakened, officially shifting into a high-level consolidation pattern. Currently, the price is stable around 80,890, building momentum for a tug-of-war.

At this stage, the bulls and bears are engaging in an increasingly intense battle, and the market has fallen into a stalemate at high levels. The previous high of 82,828 is a significant resistance barrier that is difficult to surpass. If the bulls cannot break through with strong volume, a deep pullback and correction are expected to occur as scheduled.

The core defensive tiers for the bulls below are clearly layered. The 80,000–80,500 range is the first important support line. If this is strongly broken by the bears, the market will further plunge, heading straight toward the 79,000–79,500 key support zone, which is also the vital lifeline of this bullish rally.

Direction and Trading Strategy

Short-term positioning: If the market continues to be blocked around the 82,000–82,800 resistance zone, consider lightly entering short positions. The target for the pullback is set at 80,500–80,000. Wait for the price to retest and stabilize above the 80,000–80,500 support zone before reversing to go long. Place stop-loss orders below 79,500. The rebound target is set at 81,500–82,000.