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The critical point of top-bottom reversal has arrived. Will Bitcoin consolidate and gather strength next week, or will it directly surge?
The first three days of May have passed. Let's cut to the chase this weekend: I remain overall bullish. To put it plainly, I’m talking about the market without beating around the bush.
The current price is exactly at a key level. The previous strong resistance has now turned into support, a typical top-bottom reversal point. The market is oscillating between 75,000 and 78,000, building a bottom. It looks like a back-and-forth shakeout, but in reality, the bulls are absorbing very strongly.
Every dip back to 75,000 is quickly bought up, and support has been confirmed multiple times. The oscillation is just a buildup, not a sign of weakness.
From a broader perspective:
The pressure from the Federal Reserve’s high interest rates is gradually weakening, ETF funds continue to flow in, institutions and whales are steadily accumulating, and buying pressure is very solid.
Support below remains firm, bulls are fully gathering strength, and upward space can be opened at any time.
This kind of oscillation now is essentially a continuation of the rally, not a top formation.
Next week, I lean more towards a strong, unilateral upward move rather than a pullback in oscillation.
Once it effectively stabilizes above 78,000, a new wave of upward space will open, targeting 82,000–85,000.
Mid-term plan for next week:
Position long around 76,000, with a stop-loss at 75,000.
Target area: 82,000–85,000.
Position suggestion: 10–30% initial position, add on break above 80,000, reduce 50% at 83,000, and fully exit at 85,000.
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 get shaken out by short-term minor pullbacks. #WCTC交易王PK $BTC $ETH