Li Yaoyang’s Evening Bitcoin (BTC) Market View for May 5th



In the evening, Bitcoin hit a bottom at 80,480 and then rebounded quickly, with continued volume as it surged to around 81,240. It is currently undergoing strong consolidation near 81,200. Overall, the market is led by the bulls; short-term rebound momentum is sufficient. However, the risk of chasing long positions at high levels has increased. The main plan for the session is to buy on pullbacks while also staying alert to the risk of a retracement from high levels.

Trading suggestions:

Go long on dips in the 80,500–80,000 range. Targets: 81,280 (the previous high). If it breaks through, look for 81,500–82,000.
When the 81,500–82,000 range is first reached, consider an initial short. Target: 81,000. The stop-loss should be set according to position size: $BTC $ETH #美国寻求战略比特币储备 #美联储利率不变但内部分歧加剧
BTC1.91%
ETH0.61%
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