Monday Morning Jingyi's Market Outlook

Dear friends, happy Monday! Over the weekend, the bullish outlook was once again validated. Bitcoin dipped from 815 to 801 in the early hours, strongly supported at the 80,000 level, forming a V-shaped reversal, now rebounding to around 823. The 80,000 support remains effective, the bottoming and rebound pattern is established, the bears are exhausted, and the short-term bulls are leading the market.

The 1-hour chart shows the price above the MA20 and MA60, with the MACD forming a golden cross and expanding, RSI has exited oversold territory and risen above the midline, indicating a strong continuation of the rebound. The price has stabilized above 820 and broken through the previous high of 815, reinforcing the bullish pattern.

Trading Suggestions
Support at 815 and 820 for Bitcoin, targeting resistance levels at 830 and 840; consider buying on dips near support, with a stop-loss at 80,000. If the price fails to break 830 after prolonged effort or falls below 815, the market will shift to consolidation. Currently, the bulls still hold the advantage. #Gate广场五月交易分享