Wednesday, May 27 Morning Bitcoin Outlook

Bitcoin currently trades around $76,600, with overnight pullback seen as a shakeout adjustment during an upward trend. The major bullish trend remains unchanged, and confidence in a rebound and recovery remains firm.
On the technical side, the core support at $76,000–$76,300 remains solid, with multiple tests showing strong buying support. The bearish selling pressure is being released, and downward momentum is gradually weakening; a low-base formation has formed on the 4-hour chart, and after short-term oversold conditions, a strong rebound and recovery are expected. The first key resistance is at $77,500–$77,800. A stable breakthrough above this level would open the way for further upward movement.
On the capital front, this round of pullback mainly serves as a short-term long shakeout, with institutional accumulation continuing at low levels. The outflow pace of spot ETFs is gradually slowing down; macro geopolitical risks are easing, and expectations of rate cuts are fermenting, with market negatives fully priced in.
Today’s market strategy is mainly to buy on dips and follow the trend to go long. As long as the key support at $76,000 is maintained, after a period of consolidation, prices will likely make a strong rebound, and the US evening session may see a rally to realize gains.
Trading suggestion: buy at $75,500–$75,800
Target: $77,000–$77,800 $BTC