5.8 Morning Analysis

Bitcoin's current price is fluctuating within the 79,600-80,300 range, completing a secondary retest of the lower boundary support, forming a W-shaped bottom stabilization pattern. The Bollinger Bands are continuously converging, with the price holding above the middle band, and the balance point of the bulls and bears shifting upward, indicating that the bearish momentum is entering exhaustion; the KDJ indicator has completed a golden cross in the oversold area and is diverging upward, combined with increasing volume and mild bullish candles, significantly raising the probability of a short-term breakout above the upper boundary of the range.

In terms of trading strategy, it is recommended to build a long position relying on the support zone of the range, with a stop-loss set below the lower boundary of the range, and target the potential upward move after breaking through the upper boundary.

Operational suggestion: 79,000-79,500, target 81,000-81,500. $DOGE $ETH $GT