May 10th Bitcoin Analysis:



The current market remains in a high-level oscillation pattern, with a surge to around 81,000 overnight that did not result in a confirmed breakout. Short-term bullish momentum is beginning to slow down, and the market is mostly entering a sideways digestion phase.
From the 15-minute structure, the price fluctuates within the 80,600-80,800 range, with trading volume continuously decreasing. Over the weekend, market activity has noticeably declined, and market sentiment is cautious, typical of a "weekend dull market" trend.

Technical aspects:

1. Short-term moving averages are beginning to flatten, and the MACD is shrinking, indicating a lack of strong buying momentum in the short term.
2. Support around 80,500 remains effective; as long as it is not broken, the overall trend is still a relatively strong oscillation.
3. Resistance at 81,000-81,200 still exists; without increased volume over the weekend, the market is likely to continue fluctuating within the range.

Trading strategy:
Currently, it is not suitable to blindly chase longs at high levels. It is better to wait for a pullback to buy low. Weekend market fluctuations are limited, and patience is more important than frequent trading.
Continue to monitor the support at 80,500 and resistance at 81,000. Until volume increases, maintain a sideways approach. $BTC
$ETH
#Gate广场五月交易分享
BTC0.75%
ETH0.73%
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