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$BTC Bitcoin rebounds from a low consolidation, currently trading around 80,850. The price has bounced above the short-term moving average, indicating that short-term bullish momentum has somewhat recovered.
Resistance levels are concentrated in the 81,200-81,700 range, with strong resistance at the previous high of 82,788. Support levels are first seen at around 80,300; if this level is broken, then look toward 79,900.
On the 1-hour chart, the MACD red histogram has shortened, indicating that upward momentum is weakening. The 4-hour chart shows the price in a range-bound, slightly strong oscillation, with the overall trend still leaning towards sideways to bullish.
In the short term, focus on a sideways to bullish approach; light positions can be taken to short on resistance, and if support is tested and held, consider low-position long entries. #Gate广场五月交易分享