May 11: Bitcoin is currently still fluctuating around the resistance level, with wide-range oscillations up and down. The long-term resistance level remains around 84,800. The support below is at 75,000, with a longer-term range viewing it as a larger zone. Currently, the support below is at 75,000; do not chase the rally. The key bullish and bearish dividing point is 75,000.

Short-term strategy: The current market is moving within a range of oscillation, so cycle trading is suitable. Strictly follow the trading strategy, control position sizes well, and implement strict stop-loss. The current operational range is as follows: the first resistance level is around 82,500, and the first support level below is about 79,200. The trading range is 79,200-82,500. If it breaks below 79,200, the support below is around 77,000. Key support levels: 79,200, 77,000. Key resistance level: 82,500. Note: The support and resistance levels are mutually variable.