5.3 Morning Analysis: Pullback in place, stabilization and rally

Saturday's market fluctuated repeatedly, completing the accumulation and consolidation phase, and on Sunday morning, the bullish momentum resumed with an attack. Bitcoin surged to the 79,100 level, and if Bitcoin pulls back to 78,000, it can be directly used to set up a buy order.

Since the Thursday correction confirmed the bottom support, the market has entered a continuous rebound phase, continuing the upward trend over the weekend, recovering previous declines, which indicates solid and strong support below. This pullback is not a market reversal downward, but rather a technical correction during the upward movement. The overall market trend remains inclined toward a bullish recovery.

From a technical pattern perspective, the daily chart continues to show increased volume and a strong four-day bullish pattern, with a complete and intact upward structure. There is still ample room for upward movement. Although the market experienced a slight pullback after a surge, the correction was limited, which is a normal adjustment within a strong upward trend. The short-term moving averages are all aligned bullishly, and the bullish structure remains unchanged. Each minor pullback is an opportunity to buy on dips.

For Sunday’s operation, maintain a trend-following approach to buy on dips, and continue to look for bullish breakouts. Stick to the trend logic, avoid being disturbed by short-term fluctuations, operate simply in line with the trend, and focus on continuing the upward movement.

Trading suggestions:
Buy on dips in the 77,800-78,000 range
First target: 79,200-79,500
Second target: 80,000-80,500
Focus on low-dip buying in line with the trend, and strictly control risk.