Bitcoin Short-term Analysis



Suggestion: Buy around 798-802, first target 785, second target 775

Last night, Bitcoin oscillated and weakened, dropping to 78,700 in the early morning before rebounding to 79,300 and consolidating; this morning, it surged to 79,600 but faced resistance and pulled back, with a range-bound tug-of-war and choppy trend.
The market bottomed out and rebounded but lacked strength, with a clear strong resistance at the 80,000 level, limiting upward space. The daily chart's upward channel remains intact, currently in a pullback phase during an uptrend, overall leaning bearish, with a focus on the strength of the rebound correction, mainly shorting on rallies. #Gate广场五月交易分享 $BTC
BTC-1.4%
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