#Gate广场五月交易分享 The trend is no longer a mystery! BTC weekly W bottom confirmed, next week will start the main upward wave to break new highs!

On Saturday, May 9th, the trend is no longer a mystery! BTC weekly W bottom confirmed, next week will start the main upward wave to break 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 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 days 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 the upward push and challenge of previous highs are expected.
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 area of previous heavy trading zones. 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 remaining golden crosses. Every 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 rates continue to decline, benefiting risk assets. BTC spot ETF continues to see net capital inflows, with institutional long-term allocation willingness stable, and market liquidity is ample.
The global regulatory environment is marginally improving, with institutions shifting from short-term speculation to long-term expectations. Both macro and technical factors resonate, providing strong support for this upward movement.
Next week’s trend for Bitcoin should focus on riding the trend for long positions
Long position setup: pullback to 79,000-79,500 support zone, build positions gradually, defensive at 77,500, hold the recent key low. First target: 84,000, a breakout allows for 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 📢