Sunday, May 24 Morning Bitcoin Outlook

The thinking from yesterday morning has already clearly indicated the direction, look at Dodo, and today continues. After Bitcoin stabilized at the bottom following a dip, it rebounded strongly, overall entering a bullish correction phase. The price held above the key support of $76,500–$76,800, with the short sellers' selling pressure fully released, and strong bottom support. Technically, the 4-hour MACD remains bullish with a golden cross, the downward momentum has been completely exhausted, the oscillation and shakeout phase has ended, and the short-term bullish trend is gradually established. The first target above is $77,800–$78,500; after a volume breakout, it can aim for $79,000–$80,000. The strong support below remains at $76,500; as long as it is not broken, hold firmly.
On the capital side, institutions continue to accumulate at low levels, spot buying has clearly rebounded, combined with Bitcoin’s safe-haven attributes and the halving scarcity logic, multiple positive factors resonate. Today, the overall strategy is to buy on dips and follow the trend to go long; dips are buying opportunities, be patient and hold, waiting for a rally.
Trading suggestion: look at Dodo above $75,000
Target: $77,500$BTC $ETH