5.10 XinXin Midday Bitcoin Analysis



The rebound is tempting, but the momentum remains unchanged. Firmly watch the resistance above 80,800. After surging to 80,859, it pulled back, failing to stabilize above the key resistance of 81,000. Large sell orders are clearly suppressing the price. The buying momentum is only pulse-like release, a typical false breakout. The KDJ is overbought and turning downward, with the J line leading the decline. The short-term correction signal is clear. ATR indicates insufficient rebound momentum, making the downward space more smooth.

Trading suggestions:
Gradually build short positions around 81,000-81,500, with a stop loss above 81,800. The initial target is 80,200-80,000.
BTC1.88%
ETH1.97%
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