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Li Yaoyang's Market Outlook for the Morning of 5.11
Good Monday morning, friends! Due to the rapid waterfall decline caused by geopolitical news between the US and Iran, the current rebound is around 80,800. The news has been fluctuating repeatedly, and there is no confidence in chasing longs; the bearish trend remains dominant.
Regarding operations
Short at the rebound between 81,050 and 81,550, with the first target at 80,500. If the bearish trend continues and the price drops further, breaking below the 80k key level, then look down to the 79,700-79,200 range.
If there is an unexpectedly strong rebound and the price stabilizes above 81,600, with no clear signs of a reversal, then follow the short-term long position. However, the current situation and technical signals resonate, and the overall outlook remains bearish! $BTC #BTC重返8万