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5.10 Sunday, BTC’s upward momentum is unstoppable
Last night’s market saw slight fluctuations, and from the morning through this early morning it continued to consolidate strongly while trending upward, with a spike to around 81,200 near dawn. The pullback has been extremely shallow—price is currently back around 80,500. Buy-side support is solid, institutional ETF funds continue to flow in, bullish momentum remains steady, and a “pullback means more upside—step by step rising” pattern is forming, with bullish signals clearly visible.
On the daily timeframe, the moving averages are arranged in a bullish alignment. Price is moving higher steadily supported by the moving averages, and the Bollinger Bands are expanding upward— the upward channel is fully opened. On the four-hour timeframe, indicators are all favorable. Bullish momentum continues to accumulate, with no sign of a pullback correction. Support below is firm, and there is ample upside space above, making the overall trend clearly biased toward the bulls.
Sunday morning, my personal view: Bitcoin is hovering around 80300-79500, with targets looking at 81500-82500. $BTC #BTC重返8万