🍉May 10 Lunchtime Bitcoin Outlook

Currently, Bitcoin has stabilized above the 80,378 resistance level. After a pullback confirming support is effective, a rebound begins, with a short-term main target of 81,631. If this level is effectively broken, the previous high space above will open up.
As long as the pullback does not break the flag pattern structure, the bullish trend remains intact; once the key support at 79,190 is lost, this round of rebound is likely to end.
Overall, the major trend has not reversed from the previous decline; the upward movement within the flag pattern is only a rebound correction during the downtrend. Only with a volume-supported stabilization above 81,631 can it be considered a stage relative reversal; breaking the previous high will mark a true trend reversal. Currently, it is still viewed as a rebound.

Trading suggestions:
A volume breakout above 80,820, go long on the right side;
A volume drop below 80,364 with a failed rebound, go short on the right side, and strictly stop-loss.

• If the hourly chart stabilizes above 80,820, the upward target is 81,631—82,800; if unable to break above this level, the bullish momentum is insufficient;
• If the 4-hour chart drops below 80,278, look down towards 79,534—78,769.