5.11 Midday Bitcoin Analysis

After the sharp drop at midday, Bitcoin has completed a round of technical correction. The price has now pulled back to a key support level, which is exactly the golden window for short-term entry. The low near 80500 has preliminarily stabilized. The current 80700-80800 range is the secondary confirmation level after the pullback. The buyers’ support is clear, and the short-term downward momentum has significantly weakened.
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The KDJ indicator has turned upward after curling up from a low position. The J value first breaks through the K and D lines, forming the early shape of a golden cross. The rebound momentum after being oversold is being released, and the short-term buy-side signal has already been issued. ATR shows that the current volatility is at a stage low, indicating that after volatility narrows, a directional choice is about to be made. We use 80400 as the defense level. As long as it does not fall below the previous low, the odds of a pullback followed by continuation to buy are extremely high.

Operation Suggestions
Bitcoin Entry Range: Place staggered orders in the 80000-80500 range to buy on the dip. Set the stop-loss level at 79500 to exit. The first target is 81500. If it breaks through, look for the 81800-82000 range.
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