5.6 Midday Market Brief: Bitcoin Leading, Altcoins Following? Don’t Be Fooled by Appearances!

Bitcoin’s trend isn’t over yet. You see, every time it hits a new high, it pulls back to support, confirming it holds, then pushes higher. After hitting 80738, it pulled back to 79590, then broke through 80885 to 81792, now it’s retesting 80885 from above, and after testing, it’s bouncing back up.
As long as 80885 isn’t broken, new highs are just a matter of time. There’s a flag pattern and resistance at 82192 stacked together; if it breaks, it breaks together. Once past that, look around 83437.
If you want to see a correction, it must break 80885 to be meaningful; if it breaks, then look at 79590. If it doesn’t break, there’s no need to consider shorting.
Trading is simple: if volume pushes through 81405, go long on the right side, targeting 82192 and 83437.
If it breaks 80885 with volume and then rebounds without falling further, go long on the right side, targeting 79788 and 78761.
Altcoins really can’t compare to Bitcoin. Bitcoin has hit new highs, but Altcoin hasn’t even surpassed 2400, and it broke below 2376—weak as hell. To take off, it must climb back above 2376 and break through 2400 solidly; otherwise, a rise is pointless.
Pay attention to its wedge pattern: if 2343 can’t hold, it’s likely to test 2307, and that structure would be broken, making it really hard to go higher again.
If you see a rebound, and it retests 2313 and holds, you might sneak in a long.
If 2297 breaks, you must exit.
If it breaks 2353 with volume, short.
For longs, wait until it stabilizes above 2371 before acting, targeting 2400 to 2422.
There’s a short opportunity at 2464; stop loss at 2500.
Longs from the left side at 2278, if 2230 breaks, you also have to accept it.
Overall, Bitcoin is moving independently, while Altcoins are dragging behind, which has some risks. Don’t try to guess the top; wait until the position is right.
If it breaks, act; if not, watch #Gate广场五月交易分享 .