5.15 Morning Bitcoin Market Analysis

In the early hours, the price/quote briefly continued the rebound from Thursday night, repeatedly breaking through the overhead resistance levels. When the quote was nearing a breakout at 81,500, I reminded my brothers not to chase the price high and to watch for a pullback—but in the end, there was yet another move with a surge in volume, directly pushing toward 82,000. However, it still did not break through effectively. Although the following sell-off/counteraction was quick, the quote continued to consolidate at high levels after the spike. The “big cake” (BTC) also—without fail—managed to take profit/enter around 79,200 and get up to around 81,200, moving more than 2,000 points (about 2,000+). As long as you’re willing, you can become that better person; after all, the road is under your own feet.

As you can see, the daily chart Bitcoin rebounded successfully above 80,000 with the help of support from the middle band, and the broader bullish structure has been pulled back as well—opening up potential upside space. The long bullish, high-volume candles on the 4-hour chart clearly show the bulls’ ferocity. This rebound also temporarily stabilized the quote above 81,000. So the thinking is fairly clear: if Bitcoin drops below 81,000 during the day, first pay attention to the pullback, and the 80,000 level is again becoming a key support. After that, the bullish momentum can once again form an effective breakout using this support. Ethereum’s rebound is relatively weaker, and the bullish momentum should be more balanced; support is expected around 2250-2240 for the downside.