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May 7th Bitcoin Evening Strategy
Bitcoin's evening pullback is an opportunity; bulls are gathering strength for another rally.
Bitcoin's evening dip is a normal correction during an uptrend; the bullish trend remains solid.
The daily chart maintains a consecutive bullish trend, with the price firmly above the 80,000 integer level, supported by the 50-day and 200-day moving averages, forming strong support.
The short-term correction is limited in scope.
The 4-hour indicators are in a reasonable recovery zone, with no signs of trend reversal.
The support zone at 80,500-80,000 is highly effective; after a dip and stabilization, bulls are expected to regain momentum.
Trading strategy:
Confidently buy on dips, with entries around 80,500-80,800.
Set stop-loss below 79,800.
Initially target 81,800-82,300; after breaking through resistance, aim higher to 83,500.
Follow the trend and go long accordingly.
Trading suggestions:
Buy in batches within the 80,000-80,500 range.
Target 81,800-82,800.