#Gate广场五月交易分享 Bitcoin fluctuates around the $80,000 integer level throughout the day: it dipped to $79,100 in the early session and then rebounded, but faced resistance again at the $80,500 region and fell back. Overall, it shows a converging pattern with support below and resistance above. From a technical perspective, the daily chart shows consecutive doji stars, indicating that bullish and bearish forces are becoming balanced, but the price has yet to effectively hold above $80,500, suggesting short-term bullish momentum is insufficient; the $79,100–$79,200 area has been tested multiple times, forming a short-term defensive bottom line. On the 4-hour chart, the Bollinger Bands are flat, with the price repeatedly moving around the middle band; the MACD fast and slow lines are below the zero axis and converging, with weak momentum bars; RSI hovers between 45 and 50, indicating a lack of a clear trend in the market. Regarding moving averages, the MA30 (around $80,300) and MA60 (around $79,800) are intertwined, with the price constrained by multiple moving averages. Overall, the news has not provided effective catalysts, and neither bulls nor bears have the strength to break the deadlock during trading. Bitcoin is likely to continue oscillating within the $79,000–$80,800 range in the short term. Trading strategies could involve high selling and low buying at the upper and lower bounds of the range, waiting for a volume breakout to confirm the direction before following the trend.

BTC0.58%
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BullAndBearBattle
· 23h ago
Buy the dip and enter the market 😎
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