#Gate广场五月交易分享 The trend is no longer a mystery! BTC weekly chart W-bottom confirmed, next week will kick off a main upward wave breaking new highs!

Saturday, 5.9, the trend is no longer a mystery! BTC weekly chart W-bottom confirmed, next week will kick off a main upward wave breaking new highs
Market Review
This week, BTC weekly chart formed the fifth candlestick after breaking the W-bottom neckline, completing a pullback confirmation with a doji after the breakout. The price stabilized around 79,400 in the middle of the daily ascending channel, and the weekly close stayed above 80,000. The overall bullish structure remains intact, representing a normal consolidation during the upward trend.
Technical Analysis
On the weekly chart, the W-bottom pattern is complete, four consecutive bullish days confirm a trend reversal, and the doji after the neckline breakout signals bullish consolidation. MACD red bars continue to expand, RSI has not reached overbought levels, and volume is moderate. Supported by technical patterns, the next week is expected to continue upward and challenge previous highs.
On the daily chart, the price has been operating within the standard ascending channel, with support at the lower boundary multiple times effective. Currently, the price is above the channel's middle line, with short-term resistance at the 84,000 previous heavy trading zone. Once broken, it will open up space for upward movement toward the 95,000 level. The moving averages are in a bullish alignment, with the 5-day and 10-day moving averages maintaining a golden cross. Each pullback to the moving averages and channel support is a safe opportunity for low buying.
Macro News
The Federal Reserve's rate cut expectations remain high in June, the US dollar index is weakening, and the decline in real interest rates continues to benefit risk assets; BTC spot ETF continues to see net capital inflows, institutional medium- and long-term allocation remains stable, and market liquidity is ample.
The global regulatory environment is marginally improving, institutions are shifting from short-term speculation to long-term allocation expectations, and macro and technical factors resonate, providing strong support for this upward movement.
Next week's trend for Bitcoin is to follow the trend and go long
Long position setup: dip to 79,000-79,500 support zone, build positions gradually; defensive: 77,500, hold the recent key low point; first target: 84,000, a breakout allows adding positions; second target: 95,000, aiming for trend extension.
Operate with strict position control, avoid blindly chasing highs!
This is for sharing and discussion only, not investment advice 📢