Coin Sea Wave: 5.7 Cryptocurrency Market Bitcoin (BTC) Latest Market Analysis and Insights

Coin Sea Wave: 5.7 Bitcoin (BTC) Market Analysis Reference:
Bitcoin has recently continued its overall oscillating upward trend, with yesterday's price surging strongly past recent highs, rising all the way to around 82,850 before facing resistance and pulling back. The current movement is consolidating around 81,300.
From a daily chart perspective, Bitcoin is currently in a clear upward channel, with prices steadily rising supported by the middle band of the Bollinger Bands and moving averages such as EMA7 and EMA15. Although it touched the upper Bollinger Band near 82,850 and experienced slight resistance, the overall bullish trend remains unchanged;
The MACD indicator continues to expand, with the DIF line staying above the DEA line, while the RSI indicator, though in the high zone, has not entered severe overbought territory. The KDJ indicator is still operating in a relatively strong zone, indicating that bullish momentum still dominates. In the short term, the market is likely to maintain high-level oscillations or upward oscillations, with close attention needed on the pressure testing near the upper Bollinger Band and previous highs.
On the 4-hour chart, after reaching the high of 82,850, the price pulled back for a correction. The MACD's DIF line has crossed below the DEA line to form a death cross, and the histogram has shifted from positive to negative, indicating a significant weakening of bullish momentum;
Meanwhile, the RSI has turned downward from high levels, and the KDJ has also formed a death cross and is moving toward lower levels, clearly signaling a short-term correction. Currently, the price is still supported near the EMA15 and EMA20 moving averages, without breaking the upward trend line. The overall pattern shows a high-level oscillation and adjustment, with strong resistance near 82,850 and key support in the 80,500-80,000 range.
Future movements should focus on the strength of the support zones. If support holds, the price is likely to return to a oscillating upward rhythm. In trading, if the support zone stabilizes, consider light long positions; if resistance is encountered, reduce positions in the short term. After a breakout, follow the trend accordingly.
Coin Sea Wave: 5.7 Short-term Bitcoin Reference:
Long positions: Buy in the 79,800-80,800 range, stop loss 500 points, target 81,000-82,000,
Short positions: Short in the 83,000-82,000 range, stop loss 500 points, target 81,500-80,500,
This content is originally shared by 【Coin Sea Wave】, representing personal opinions only. There may be delays in posting. For reference only, do not operate blindly! Hope everyone can stick to their principles regardless of market fluctuations, maintaining rationality and calmness in the investment journey. #比特币站稳8万关口 #Gate广场五月交易分享 $BTC