Monday Morning Analysis on May 11th

Good morning everyone, as Yifan predicted last night, BTC first surged to 81,300, then stabilized and again surged towards 82,800
Price and Bollinger Bands: The current price is about 82,293.8, having broken through the upper band of the Bollinger Bands (82,119.2), entering a short-term overbought zone, with a need to pull back to test the upper band for support. The middle band (81,240.5) and the lower band (80,361.7) form a support zone below.

- Moving Average System: MA7 and MA30 are in a standard bullish arrangement, with the short-term trend dominated by buyers. The moving averages lag behind the price, which is a typical feature of a rapid surge.

- MACD Indicator: DIF (174.5) crosses above DEA (41.0), with the MACD red histogram significantly expanding to 266.9, indicating concentrated bullish momentum. However, if the momentum diminishes later, a pullback may occur. Yifan personally suggests pulling back to 80,300-81,300, then stabilizing before targeting 82,800-83,500. A breakout could see targets near 84,000-85,000. I personally see a medium- to long-term target of 88,000. Aggressive traders can consider a light short-term position around 82,800-83,500. #BTC #ETH #BTC走势分析