5.7 Midday Analysis

The four-hour chart shows a clear trend; Bitcoin started a strong continuous rally from the low of 74,800, rising sharply to reach a high of 82,800, then slightly facing resistance and pulling back. The overall bullish upward structure remains intact, with minor pullbacks considered healthy consolidations during the rally.

Currently, although the battle between bulls and bears has intensified, the main trend remains bullish. The high-level consolidation is just a buildup before a volume-driven breakout. The previous high of 82,800 is a short-term key resistance. Once bulls break through with volume, a new upward movement could begin.

Support levels are solid, with 80,000-80,500 being the first strong support zone for bulls and the best area for buying on dips; 79,000-79,500 is the core trend support for this rally and the vital line of defense for bulls, with very limited downside potential. The strategy is to buy on dips.

Trading Suggestions
Buy in stages on dips around 81,000-81,500, with short-term targets near 82,500-83,000. If broken, look toward 84,000.