5.8 Bitcoin Analysis

Currently, Bitcoin is in the correction phase of an upward trend, and the pullback is a buildup rather than a trend reversal; the logic for buying dips is clear. From a technical perspective, the price has fallen back to the key support zone of 79,000-79,500.

On the four-hour chart, bearish momentum is weakening, and bullish buying strength is gradually emerging. The 30-period moving average continues to rise, providing strong support, and after short-term consolidation, there is a strong rebound demand.

Fundamental and capital support are sufficient; after the Bitcoin halving, scarcity becomes more prominent, institutional ETFs continue to attract funds, and the long-term bull market logic remains unchanged.

Trading suggestions:
Go long at 79,000-79,500, with a stop below 78,500, targeting 80,500-81,000. #比特币跌破8万美元 $BTC