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5.11 Double Bull Analysis
The 1-hour cycle is in a bullish correction phase, with the current price at 2356. The Bollinger Bands are opening upward, with the middle band at 2341 continuously rising. The price is pulling back near the middle band for support, with 2330-2340 as the key support zone, and the 2310 low as the bullish defense line. The KDJ indicator has fallen back from a high level for correction, with all three lines still above the midline, showing no bearish signals, indicating a healthy adjustment during the upward process. During the rally phase, volume increases, and during the pullback, volume decreases, with light selling pressure, and the bulls maintaining stable control.
Trading suggestion: 2290-2320 buy, target 2370-2500. $BTC $GT $ETH #Gate广场五月交易分享 #BTC突破82000美元