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May 11th Bitcoin Strategy (Big “Pie”):
In the early morning, Bitcoin was dumped from 81,500 all the way down to 80,200. When it dropped to the 80,000 level, it held immediately, then rebounded strongly in a V-shape. It has now pushed up to around 82,400.
The 80,000 level is especially hard support. The bottoming and rebound move has already played out—the shorts basically can’t smash it down anymore. Right now, the market is completely led by the bulls. The uptrend is thoroughly stabilized. Just follow the trend and buy the dip for a bullish move!
Bitcoin
Go long directly around 81,000-81,500, with targets at 83,000-84,000
$BTC