#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 begin 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 begin a main upward wave breaking new highs
Market Review
This week, BTC weekly chart formed the fifth candle after breaking the W-bottom neckline, completing a pullback confirmation with a doji after the breakout. The price stabilized around 79,400 in the daily ascending channel, and the weekly close stayed above 80,000. The overall bullish structure remains intact, representing a normal mid-cycle correction during the upward trend.
Technical Analysis
On the weekly chart, the W-bottom pattern is complete, four consecutive bullish candles confirm trend reversal, and the doji after the neckline breakout signals bullish consolidation. The MACD red bars continue to expand, RSI has not reached overbought levels, and volume is moderate. Supported by technical patterns, next week’s continuation of upward attack and challenge of previous highs are expected.
On the daily chart, the price has always been 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 84,000 in the previous dense trading zone. Once broken, the upward space opens toward 95,000. The moving averages are in a bullish alignment, with the 5-day and 10-day moving averages continuing to form a golden cross. Each pullback to the moving averages and channel support is a safe low-entry opportunity.
Macro News
The Fed’s rate cut expectations for June remain high, the US dollar index is weakening, and the real interest rate continues to decline, benefiting 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.
Bitcoin’s trend next week should focus on riding the trend for long positions
Long position setup: pull back to 79,000-79,500 support zone, build positions gradually; defensive: 77,500, hold the recent key low point; first target: 84,000; once broken, add to positions; second target: 95,000; look for trend extension space.
Operate with strict position control, avoid blindly chasing highs!
This is only for sharing and discussion, not investment advice 📢