5.6 Morning Poetry Viewpoint

The high-level momentum is weakening, and a correction window has appeared!

Bitcoin's upward trend, which started around 74,868, is smooth. After surging to a high point of 81,745, the current price is around 80,800. The overall bullish structure remains intact, with the MACD fast and slow lines continuing upward, and the main trend direction unchanged. However, there are consecutive candlesticks with upper shadows at high levels, the MACD red bars are noticeably shortening, indicating that short-term upward momentum is waning, and selling pressure at high levels is emerging. The market shows signs of technical correction.

The "Auntie" trend is roughly synchronized with Bitcoin, rebounding from a low near 2,218, with the 4-hour upward channel remaining intact. But at high levels, there are also signs of resistance and pullback, with the MACD red bars continuing to shorten, and the fast and slow lines showing signs of turning downward. Short-term bullish momentum is insufficient, and a pullback is needed to digest the selling pressure at high levels.

Bitcoin suggestion: Short-term support above 81,700, with targets at 80,000-79,500, and a pullback to 79,000-78,500, with support below 77,800.

Auntie suggestion: Support above 2,400, with targets at 2,320-2,300, and a pullback to 2,280-2,260, with support below 2,230.