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5.11 Mufeng Morning Bitcoin Analysis
Pullbacks are a good entry point; the overall bullish signal continues to strengthen. As long as the 80,000 key strong support level is maintained, the bullish upward structure will not be broken. A brief consolidation could greatly extend the upward trend.
The current market center of gravity is steadily rising, and the price remains firmly above the key zone. Slight fluctuations at high levels are just a buildup for further movement, and the overall upward trend has not been broken. Support below is strong enough to hold, with very limited downside space. Today's strategy mainly focuses on riding the trend with low buy-ins.
Trading Suggestions
Place long positions around 81,000, targeting 82,600-83,000.