5.10 Weekly Bitcoin (BTC) Latest Ideas



During the weekend phase, as expected, the entire market did not experience much volatility. Yesterday, Bitcoin basically moved sideways, until early morning when it broke through 810, disrupting the short-term range rhythm. In the short term, caution is needed for a potential slow rally by the bulls again.

Currently, the short-term retracement energy is gradually weakening. After breaking through the short-term resistance at 805, it paused at 810. Overall, it is still operating within the range. Technically, the structure mainly shows oscillation and adjustment. Today, focus on the resistance zone of 810-815. If not broken, go short directly, targeting around 795. If broken, continue upward; if not broken, reverse the position.
BTC0.33%
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