Bitcoin Market Trend Analysis 20250505 - Day 596

The weekly line is a small bullish candle with a long upper shadow and a short lower shadow, as we mentioned when closing last week's weekly line, this week there will be a trend upwards, followed by a drop for a retracement. Currently, the trend is moving according to our previous predictions.

The weekly MA30 line still shows an upward trend, so the upward movement at the weekly level has not ended yet. The price has currently broken through the MA30 line and closed above it, thus the MA30 line will form a short-term support, with the price around 90174.

The weekly MACD is returning from a high position to the zero axis, showing a weakening of the downward momentum, and the fast and slow lines are about to form a golden cross just above the zero axis. If this week closes with a bullish line, a golden cross will occur.

This week, the daily line will still have a slight downward retracement, and these retracements are opportunities to enter. The price won't only go up without dropping; a healthy market involves both rises and falls. Only when interest rates are lowered will large amounts of capital flow in, and that will be the main upward wave.