5.02 Bitcoin Chart Analysis

The current chart has fully completed the three-stage structure of “bottoming out and rebounding → wave-like rally → high-level consolidation.” During the consolidation, bullish momentum continues to build, and the overall market remains in a high-level, bullish-dominant, slightly strong pattern. In the short term, the main features are range-bound consolidation and accumulating strength for an upside push.

Key Attack and Defense Levels and Trading Logic

• Upper Core Resistance Zone: 79000—79500
This range is the previous period’s dense trading/chip accumulation area and a technically resonant resistance level. It is the key watershed for judging whether the uptrend can continue:
If the price breaks through this range with increased volume and holds above it, it will officially confirm the start of a new round of upward movement and open up room to the upside;
If the advance is blocked and clear pressure signals appear, you can go short accordingly and capture banded pullback profits.

• Lower Core Support Zone: 78000—77500
This range is the key platform consolidation area during the previous upswing, and it is also the short-term bulls’ line of defense:
If the price pulls back to this range, stabilizes, and stops falling, the support effect will take effect; you can stagger entries for long positions and bet on rebound and repair profits;
If the support level is effectively broken downward, you should be alert to the risk that the bullish trend may temporarily weaken, and adjust your trading strategy in a timely manner.
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