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5.10, Sunday, Bitcoin evening analysis!
From the short-term rhythm perspective, the trading channel is opening downward to release space, the price has dipped to find support, and signs of recovery have already appeared, with bearish volume decreasing and aligning, and moving averages releasing downward before turning upward. Currently, the market is beginning to warm up again.
On the four-hour chart, the price did not rise after reaching a high but instead moved lower, with support at lower levels. The trading channel is narrowing again, with frequent shifts between bullish and bearish volume, and volatility is once again decreasing. The small cycle remains unchanged, with short-term oscillations trending downward to recover, but the downward move is not continuing. For the upcoming strategy, we mainly focus on low buy positions.
Bitcoin personal trading suggestion: go long around 80,500, targeting 81,000-82,000. #Gate广场五月交易分享 #BTC重返8万 #日本国债上链24小时交易 $BTC