May 11th Afternoon Analysis

Good afternoon everyone, early morning Bitcoin trading orders were filled, and the short position was also closed, all within 1,000 points.
Currently on the Bollinger Bands: the price effectively broke below the middle band at 81624.5, indicating the upward trend is weakening. The upper band near 82470 remains a strong resistance, and the first support below is at the lower band of 80777.
Moving average structure: the current price has broken below the 7-day and 30-day short-term moving averages, turning the short-term trend into a sideways downward pattern.
MACD indicator: the two lines have crossed downward, with the bearish green bars continuing to expand, and the downward momentum has not yet exhausted.
KDJ indicator: the three lines have fallen into the oversold zone, with the J value at a low level and dulled, indicating no short-term rebound signal yet, and there is still a need for oscillation to find a bottom.

Trading idea: do not rush to buy against the trend in the short term, strictly control positions to avoid volatility risks. Hold the strong support at 80225 intraday low, and follow the trend to buy on dips near 81000-81400. The initial target is around 82370, waiting for the indicator to turn and stabilize before following the trend to buy. #BTC #ETH #BTC走势分析