Analysis of Morning Thoughts on 5.12


After retracing to 100600 last night, it rebounded to around 103000. The four-hour line showed three consecutive bearish candles breaking below the lower Bollinger Band, but the MACD fast and slow lines are above the 0 axis indicating bullish dominance, while the KDJ has a golden cross pointing upwards. In the morning, the focus is on a bullish outlook, and it is important to set good stop-losses and avoid counter-trading.
- Bitcoin outlook: Long around 102200-101800, aiming for around 103000. If it breaks through, further aim for 105500.
- Auntie's view: Do a long around 2450-2420, looking up to around 2500, and if it breaks through, further up to 2620.
BTC-2.31%
ETH-3.53%
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