May 5th, Big Cake Public Reference:
From the daily chart: the upward channel is intact, and a breakout is imminent
1. Moving Averages: The price stays above the 5/10/20-day moving averages, the moving averages are aligned to the upside, and support has moved up to 78,500–79,000.
2. Pattern: After two days of narrow-range sideways trading (78,200–79,500), a real-body breakout above 79,500 confirms an upside breakout from consolidation and opens up upward space.
3. Indicators: RSI (14) is 58, neutral but slightly strong—no overbought; the MACD golden cross continues, red histogram bars expand moderately, and bullish momentum remains healthy.
In terms of market clarity and funds:
1. Net capital inflow over 24h, the proportion of long positions rising, and long-biased sentiment is strong in the derivatives market.
2. Altcoins rise broadly; expectations for a restart of the altcoin season improve overall market risk appetite.
Trading suggestion: If it pulls back to around 79,500–79,000, you can go north
First 🎯81,000
Second 🎯83,000 (cautious)
If ⬇️ it breaks 79,000 and there is no rebound, you can follow the move and look for a southward trend
$BTC #WCTC交易王PK
$GT #美国寻求战略比特币储备