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5.11 Bitcoin Midday Brief Analysis
This morning, Bitcoin quickly surged higher, then experienced a technical pullback as expected, with the price dropping from the high of 82,380 and testing lows of 80,500. Currently, it has stabilized around 80,800, with solid support below. Overall, the market structure remains healthy and positive.
On the 4-hour chart, after testing the middle band of the Bollinger Bands, it rebounded quickly. The MACD remains above the zero line, indicating a bullish trend. The current decline has limited momentum release, leaving little room for further downside, and a rebound or upward rally could start at any time.
Operational suggestion: Buy in stages on the pullback between 80,300 and 80,800, with the upside target aiming for 84,000. #Gate广场五月交易分享 #特朗普5月13日访华 #山寨币资金回流 #CLARITY法案下周审议 $BTC $ETH