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5.11 Morning Thoughts
In the early morning, the market saw violent swings, with bulls and bears repeatedly jabbing back and forth; in the end, Bitcoin firmly held the 80,000 integer level.
The weekly and daily charts closed with solid bullish candles; the price stayed above the midline. The medium-term long structure remains intact, and upward momentum is still strong.
The hourly chart is in a high-level, narrow-range consolidation, which is a buildup and consolidation during the middle of the uptrend. Downside follow-through is steady; the 80,000 level support remains unbroken. Overall, the main idea is still to pull back for buying the dip.
Trading suggestions:
BTC: Buy in the 80,800-81,000 range. Target: 82,500-83,500
ETH: Buy in the 2,330-2,300 range. Target: 2,400-2,4500#币圈##blockchain#BTC突破82000美元 #特朗普5月13日访华 #CLARITY法案下周审议 $BTC $ETH