Crypto Circle Li Ying: 5.6 Bitcoin (BTC) breaks through 81700, is it heading straight for 82500 or a false breakout to lure in buyers? Latest market analysis and trading suggestions
Article published on 2026.5.6------01:10 AM
The current price of Bitcoin is 81300. From the chart, it has been performing quite strongly recently, showing a clear upward channel. Previously, at the end of April, it was fluctuating between 74000 and 78000 to build a base, but at the beginning of May, it started to push upward aggressively, breaking through obstacles along the way, and just now it peaked around 81712. Although the current price is relatively high, the overall trend is still upward, like a train climbing a slope, the momentum currently looks good, but it may have moved up a bit too quickly in the short term and could have a need to pause and rest.
From a technical indicator perspective, Bitcoin is currently in a clear bullish trend. The moving average system shows a bullish arrangement, with prices steadily running above EMA7, EMA30, and EMA120. Particularly, the short-term moving averages are above the long-term ones, indicating strong upward momentum, with increasing layers of support below. The MACD indicator shows that both DIF and DEA are operating above the zero line, and the red bars continue to expand, indicating that bullish momentum is still dominant, and market sentiment is relatively optimistic. However, the price is somewhat far from the short-term moving averages, so Li Ying reminds everyone that there is a technical pullback demand in the market.
Short-term references:
Go long at 80800 and 80300, exit if it drops below 80000, target above 82000 aiming for 82500
Go short at 81800 and 82000, exit if it falls below 82500, target below 80500 aiming for 80000
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The content of the article is timely, for reference only, risk is self-borne
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