The critical point for top-bottom reversal has arrived. Will Bitcoin fluctuate or surge directly next week?

The start of May has passed three days ago, and now it's the weekend again. To be straightforward about Bitcoin's trend next week, I personally lean towards bullish, from an ordinary person's perspective, without complicated terminology.

From the chart, it’s clear that the current price is just at a key level—near the strong resistance line in the past, which is the critical point for top-bottom reversal.

Currently, the market is oscillating and building a bottom in the 75k-78k range. It seems repetitive, but in fact, the bulls’ buying strength is very strong. Every time it dips near 75k, it quickly rebounds. The 75k support has been confirmed multiple times as effective. The so-called oscillation is just gathering strength. With continuous funds and sentiment supporting the upward move, breaking 85k is entirely possible.

Looking at the core logic, macro factors show that although the Fed’s rate cut expectations are delayed, the impact of high interest rates is weakening; on the capital side, ETF net inflows continue, whales and institutions are steadily entering, chips are increasingly concentrated, and market buying is solid. Overall, the lower support is stable, bulls are fully prepared, and the upward space is about to open.

This strong oscillation is essentially a bullish continuation, not a top formation. Next week is likely to see a strong, one-sided upward trend rather than oscillation and retreat. Once the 78k level is effectively stabilized, a new upward space will open, and the market will move into a one-sided rally, targeting the 82k-85k range.

My mid-term view for next week: consider building a long position around 76,000, with a stop at 75k. The target above is 82k-85k, with an initial position of 10-30%, adding more if breaking 80k, reducing 50% at 83k, and fully closing at 85k.

In terms of operation, I don’t recommend blindly shorting. Focus on buying on dips at support levels, maintain a bullish mindset, and don’t be fooled by short-term small pullbacks. $BTC