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#Bitcoin
Today’s 5.11 Market Analysis and Strategy
Intraday Resistance: Around 82,000
Intraday Support: Around 80,500
The four-hour price broke above the upper band but failed to continue, forming a bearish candle and pulling back. This wave requires attention to whether it can break below the short-term support at the middle band. If it does not break, then the price will continue to bottom out and rise; otherwise, it will extend back toward the 80k level. Based on the current market, breaking downward still requires time to change the space.
Intraday, it is recommended to look for opportunities to buy in batches around the bottom area of 80,800-80,300.