#Gate广场五月交易分享 Bitcoin's latest price analysis and trading suggestions for the morning

During the early hours, Bitcoin showed a strong unilateral upward trend, with sustained volume after stabilizing above the key support at 78,000, reaching a high of around 79,400. The current price is consolidating near 79,100, with multiple consecutive bullish candlesticks on the hourly chart, breaking through the previous consolidation platform. The short-term moving averages are arranged in a bullish alignment, and the overall trend is dominated by bulls.

From volume, price, and indicators, this round of rally was accompanied by significant volume expansion, indicating a capital-driven breakout rather than a no-volume surge. The MACD has continued to diverge after a golden cross above the zero line, with bullish momentum bars steadily increasing; RSI is above 70 in the strong zone, not yet seriously overbought, leaving room for further upward movement. The 78,000 level has shifted from resistance to strong support, with resistance above focusing on the 79,500-79,800 range.

Overall, Bitcoin has completed its directional choice, and the bullish trend is clear. As long as the price remains above 78,000, it is advisable to mainly buy on dips, waiting for the 80,000 breakout to accelerate the trend. Be cautious of the high leverage risks in futures trading and set strict stop-losses.