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5.11 Morning Market Outlook
Good morning, friends! Due to the rapid waterfall decline caused by U.S.-Iran geopolitical news, the current rebound is around 80,800. The news has been repeatedly tugging back and forth, and there is no confidence in chasing longs, with the bearish trend dominating.
Regarding operations
Rebound to the 81,050-81,550 range to short, with the first target at 80,500. If the bearish continuation persists and the price drops further, breaking below the 80k integer level, then follow the trend downward to the 79,700-79,200 range.
If there is an unexpectedly strong rebound and the price stabilizes above 81,600, without obvious signs of a reversal or decline, then follow the trend to go long briefly. But the current situation and technical analysis resonate, and the overall outlook remains bearish! $BTC #BTC back to 80k