5.10 Luo Yi Midday Bitcoin Analysis


Bullish breakout signals are clear, buy on dips today to catch the main upward wave

The daily chart maintains a solid bullish trend, with prices continuously staying above 80,800. The high-level movement is a consolidation gathering strength during the upward process, not a top reversal. The 4-hour correction is relatively weak, with sufficient buying support below, limited selling pressure, mainly rhythm-based adjustments in the short term, and a higher probability of an upward breakthrough later.

During the day, firmly focus on buying on dips, relying on support zones.
Long entry range: 80,000–80,500
Stop loss: below 80,200
Target: 82,000, with a breakout target of 83,200

Overall judgment: As long as the key support at 80,000 is not effectively broken, the bullish structure will not change. After the correction ends, a new upward wave is highly likely to begin. Seize the low-position layout opportunities. #Gate广场五月交易分享 #日本国债上链24小时交易 $BTC $GT $ETH
BTC0.71%
GT0.81%
ETH0.56%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin