5.9 Jiangyu Heng Bitcoin Early Review


Bitcoin surged early then pulled back, with clear selling pressure above 80,250.
After bulls pushed above 80,266, it quickly retreated, leaving a long upper shadow.
KDJ is at a high level and has turned downward with a death cross, a clear sign of weakness.
Currently, around 80,150, it is consolidating sideways as a weak correction after the surge.
If it cannot hold above 80,300 during the day, a retest is highly likely.
Operation: Short in the 80,500-81,000 range with the trend, targeting 79,500-79,000, and manage positions with proper stop-loss. #Gate广场五月交易分享 $BTC
BTC0.76%
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