📊 BTC UPDATE 05/08 – BULLS REMAIN IN CONTROL, BUT WAIT FOR A PULLBACK TO BUY
BTC continues to show strong bullish momentum, consistently forming higher highs and higher lows in the short term. On the M15 and M30 timeframes, price has broken out of its consolidation range, with the EMA20 positioned above the EMA50, and both moving upward, confirming that bullish momentum remains intact.
The H1 chart also supports this outlook, as BTC is holding above all key short-term EMAs and is approaching the important 64.5k–64.7k resistance zone.