5.11 Morning Bitcoin Outlook: Long lower shadow marks a clear stabilization signal; BTC follows the trend upward

A new week! A new day! Good morning, everyone! Let’s first review the overnight market action together: Bitcoin’s bulls pushed stronger last night, surging upward and briefly touching near the key resistance level at 82460. However, it dropped immediately afterward, and the low fell to 80200 before holding and bouncing back. The 80000 level was not broken, and overall the market is still biased toward bullish strength.

From a technical structure standpoint, the 4-hour chart has closed with a long lower shadow. Price is still moving within the larger-period upward channel, and the market led by bulls is continuing.

Now that trading volume in the market is increasing, in the short term the focus should be on whether the 82500 resistance level can hold and break through. Once there is an effective break of that level, Bitcoin is likely to head toward 83500 and test new highs.

For the trade: When Bitcoin retraces to around 81300, go long directly. Target: 83500#Gate广场五月交易分享 #BTC重返8万 $BTC