5.2 Bitcoin Morning Analysis

At present, overall market sentiment has been repaired and is warming up. Bitcoin has ended its sideways range-bound consolidation and has moved into a rebound and upward recovery. After Bitcoin found support at the 76,500 level, it surged strongly; during the session, the intraday high reached 79,400. It then followed with a slight pullback and adjustment. Currently, the morning price is stabilizing around 78,200, with a 24-hour gain of over 2%. Bullish strength continues to dominate the market’s direction.

On the daily chart, Bitcoin closed with a mid-to-large bullish candlestick and has held above the short-term moving averages, significantly easing the risk of a downward pullback. On the four-hour timeframe, the Bollinger Bands are widening and running upward. The MACD golden cross continues to release bullish momentum, and the RSI remains in a strong zone—indicating that the short-term upward trend has already been established. From the hourly chart, the key support area is between 77,000 and 77,800 USD. As long as this support holds, the bullish move will continue. There is short-term pressure and resistance around 79,500 above; to break through effectively, additional trading volume is still needed. Overall, the market maintains the choppy upward momentum pattern.

Trading suggestions:
Buy Bitcoin near 77,700–77,500, targeting 78,900–79,000. Focus on trend-following low buys, and ensure strict risk control.
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