5.10 Luo Yi Bitcoin Morning Analysis: Support is solid; Bitcoin’s upward pace remains unchanged



The overall daily trend remains bullish and firm. The price continues to hold above 80,000; the high-level movement is a buildup and consolidation within an ongoing rally, not a top followed by a drop. On the 4-hour timeframe, the pullback has relatively weak strength. Below, the “pān” support and holding power is sufficient, with limited sell pressure from the bears. In the short term, the focus is mainly on pacing adjustments, and the probability of an upside breakout afterward is relatively high.

During the day, firmly focus on going long on dips, and position based on the support zones.

Long position range: 80,000–79,500
Stop loss: below 79,300
Targets: 82,800; if broken, watch 84,300

Overall judgment: As long as it does not effectively break below 79,500 key support, the bullish structure will not change. After the correction ends, it is highly likely that a new round of upward movement will start; patiently wait for a pullback opportunity to enter.$BTC $GT $ETH
BTC0.33%
GT0.67%
ETH0.36%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin