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5/11 Today’s Bitcoin Public Outlook:
1. The daily chart trend is upward. Pullbacks are normal shakeouts; key support has not been broken, and the upward structure remains intact.
2. On the 4-hour chart, price stabilizes and rebounds. After the Bollinger Bands tighten, they open upward; the MACD stays bullish, the RSI rebounds, and bullish volume momentum has the upper hand.
3. The short-term support zone has strong buy-side hold on pullbacks. As long as it doesn’t break, it’s a low-entry long opportunity. Resistance above is being tested gradually; a breakout on increased volume will open up further upside space.
4. Range-bound bottoming has been completed. Bullish momentum in the short term has built up fully, and the probability of an upward breakout is relatively high.
Trading suggestion: Go long northbound around 80,500-81,000
First target: 82,000
Second target: 83,000
Adjust at any time according to macro news and market conditions
#Gate广场五月交易分享 $BTC #BTC重返8万 $ETH