5.9 Bitcoin Morning Analysis



Friends! Happy weekend!! Bitcoin is experiencing high-level oscillation on the 15-minute chart, with the upper band at 80,351 facing resistance and pulling back, currently around 80,166 near the Bollinger middle band critical line. The KDJ indicator shows a death cross from the high, indicating a temporary pause in the bullish phase, but the overall upward channel remains intact, representing a consolidation for a continuation of the rally.

The strong resistance above is at the previous high of 80,459, while support levels are sequentially at the middle band 80,166 and the lower band 79,982. As long as the middle band holds, a pullback is a low-buy opportunity; if volume increases and it breaks below, it will directly test the lower band support.

Weekend market is more volatile, friends relying on support and resistance levels can buy low and sell high accordingly!

Trading suggestion: 80,500-81,000 range, target 78,500-79,000.
BTC0.85%
GT1.92%
ETH1.5%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin