5.11 Morning

Thought Analysis:

Big Cake (BTC) surged to around 82,460 in the early morning, but it did not continue to increase volume to break through. Instead, clear selling pressure appeared at the high level, and short-term bullish momentum has begun to weaken. At present, the overall market is more inclined toward a high-level range-bound correction after a spike. If the rebound continues but cannot hold above 82,800, there is a likelihood of a pullback. In the short term, focus on the resistance zone between 82,400 and 82,800. As long as the rebound does not break down, the overall outlook remains bearish, and there is an opportunity for further pullbacks toward 80,500 and even around 79,500.

“Tether Aunt” (USDT) followed Big Cake higher, then pulled back. After the push up to the high level, the chasing-buy sentiment began to cool. There is currently fairly notable suppression around 2,400, and the short-term structure favors a high-level range-bound pullback. As long as the rebound cannot effectively break above 2,400, there is still a chance to continue testing support in the 2,320–2,280 area. Overall, for today, it is more recommended to focus on short-selling at resistance during rebounds.

Trading Suggestions:
Big Cake: Short around 82,400–82,800 on rebound; targets: 80,500, 79,500.
“Tether Aunt”: Short around 2,380–2,400 on rebound; targets: 2,320, 2,280. #BTC突破82000美元 $BTC $ETH