5.14 Bitcoin Intraday Analysis | High-Level Shakeout, Trend Not Broken

Bitcoin is currently in a high-level consolidation and recovery phase, with a slight pullback yesterday to shake out weak hands, which is a normal pre-accumulation adjustment after an upward move. The overall bullish structure remains intact.

Market Situation

The current price range is oscillating around 79,000, with short-term bullish momentum slowing down. The 4-hour level indicators show a slight correction and recovery, which is a healthy retracement. External news causing short-term emotional disturbances are gradually being digested, with no sustained negative impact.

Key Levels

Support
78,500 Short-term core support
77,500 Mid-term strong defense level

Resistance
80,300–80,500 First resistance zone
82,000 Stage breakout point for new highs

Trend Judgment

The current market is a high-level shakeout, clearing short-term weak hands, not a trend reversal.
The logic of medium- to long-term capital inflow remains solid, with a healthy supply and demand structure. This pullback is mainly driven by sentiment and technical correction.

Intraday Strategy

Maintain a low-buy, do-not chase high strategy overall.
Near support zones, consider short-term long positions; do not blindly chase after rebounds at resistance levels. Focus on oscillation and patiently wait for a breakout after consolidation.

Summary: Short-term oscillation and accumulation, medium-term upward trend remains unchanged, and pullbacks are opportunities.