🍊5/9 Midday Bitcoin Market Outlook

Bitcoin has successfully broken above the bullish flag pattern, and for the rally to continue, it must increase volume and stay above 80,376. The next upward targets are in the 81,667–82,790 range; once it stabilizes above 80,376, it indicates the end of the hourly correction and the start of a rebound trend.
If this rebound can surpass previous highs, the bullish trend will continue; otherwise, if it fails to break the previous high, the market will retreat again.
In the short term, as long as the price does not fall back into the bullish flag pattern, the bullish structure remains intact; if the price drops back into the flag range, there is a high probability of a second test of support at 79,168. This level has been tested twice; after multiple retests, if the rebound is weak and fails to make new highs, it could easily break below, possibly leading to a short-term false breakdown to shake out liquidity or a sharp decline.

Trading Suggestions:
- Break above 80,376 with increased volume and go long on the right side;
- If it drops below 79,540 with increased volume and fails to rebound, go short on the right side, strictly set stop-loss.
Hourly level: Stay above 80,376, look for a rebound to 81,667–82,799; if it faces resistance and fails to break through, the rebound will be invalid.
4-hour level: Break below 79,156, with the downward target at 78,229–77,303.
$BTC #Gate广场五月交易分享