Friday, May 9, 2025

The market's upward trend continues to strengthen, with bullish forces fully dominant.

The current market continues to maintain a strong upward rhythm, with daily candlesticks consistently closing as long bullish candles, further solidifying the one-sided upward pattern, and there are currently no signs of stagnation or peak formation in the short term.

From the four-hour chart, the price operates along a steep ascending channel, with each pullback quickly supported by bulls. The adjustment range remains consistently controlled within 1/3 of the bullish candlestick body, indicating weak resistance from bears, while bulls continuously refresh stage highs with a rapid rise and slow adjustments. In terms of volume, the characteristics of increased volume in bullish candlesticks are significant, and the active trading volume resonates positively with the price increase. Based on historical experience, this kind of volume-price combination tends to favor trend continuation rather than a peak reversal.

The hourly trend exhibits typical characteristics of oscillating upward movement, with the multiple bottom support structure formed at the beginning of this week remaining effective. Each small pullback in the 5-15 minute range has become an opportunity for bulls to add positions, and the price quickly rebounds after gaining strong support above the short-term moving average. Technical indicators show that the MACD red bars continue to expand, while the RSI remains in the strong range of 60-70, with no signs of overbought divergence. Overall, the market is expected to continue operating in a model of rising lows and new highs in the short term. It is recommended to continue following the bullish trend, treating stabilization after pullbacks as layout opportunities. #BTC重返10万