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May 11th Bitcoin and Ethereum Market Analysis
After a rapid shakeout and defensive tug-of-war, Bitcoin's price remains oscillating narrowly around $80,600. It is worth noting that the bears have not actively pressured a sell-off; the current selling pressure is mainly passive profit-taking, with clearly insufficient short-selling momentum. A slight short-term correction is a normal technical adjustment, and the overall bullish structure remains intact, with the rebound trend expected to continue.
Ethereum's current price fluctuates repeatedly within the $2,300 to $2,400 range, forming a consolidation pattern. The upper end of the range has accumulated more chips for turnover, with a clear short-term breakthrough pressure.
Trading Suggestions:
Pullback to the $79,300 to $79,800 range, go long
The today's strategy has been released. Welcome to join the member group for real-time strategy updates. #Gate广场五月交易分享 $BTC