5.10 Early Morning Bitcoin Analysis

After the price quickly touched the 81043 high point, it rapidly pulled back, forming a clear “pump-and-fail” pattern. The “head” momentum rapidly decayed at high levels, and the earlier 3-minute upward channel was broken. Short-term selling pressure concentrated and released. From the high point, the current price has fallen by nearly 200 points, and a weak pullback trend has been preliminarily established.

The KDJ indicator formed a high-level dead cross in the overbought zone: the K value crossed below the D value, and the J value quickly fell back, releasing a clear short-term pullback signal. At the same time, after spiking at high levels, ATR turned downward, which verified the exhaustion of upward momentum. After volatility amplifies, a pullback often serves as a precursor to a trend reversal.

Trading suggestions:
Take the 81000-81500 range as the entry zone for a long setup. The initial target is the 80000-80200 support range; if it breaks, you can further look toward 79500-79000. Trade cautiously and control your position size.
$BTC $ETH #BTC重返8万 #韩国加密征税倒计时 #Circle增发2.5亿枚USDC