5.11 Gold Can Lai Bitcoin Analysis



Bitcoin current price 81,402.8, slightly up 0.92%, continuing the rebound started from 74,893, with intraday highs reaching 82,464 before pulling back and stabilizing, with a trading range of 80,228-82,464. The short-term bullish pattern remains intact, with the 80,000 support level holding effectively, and 82,800 above as a key resistance.

Bullish momentum: The 4-hour candlestick chart shows the price has re-claimed the short-term moving average, with the middle band of the Bollinger Bands (around 80,000) providing effective support, indicating the short-term bullish pattern has not been broken.

Risk points: There is profit-taking pressure at high levels, and caution is needed if the price cannot break through the previous high of 82,800, which may trigger range-bound oscillation or a correction.

Trading suggestion: Short at 82,000-83,000, target 80,000-81,000
BTC0.59%
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