BTC midday technical analysis and trading guidance suggestions.



From the one-hour technical indicator chart, after the price surged and then declined to test lower, it still remains in a weak state, with no substantial recovery. The trading channel continues to show a weak pattern in oscillation and consolidation. The bullish volume supports the price to continue downward, but it has not driven a rebound. In the short-term rhythm, it still remains in a weak continuation.

On the small cycle level, after a phase of consolidation and adjustment, the price still shows a weak state. The upward surge fails to stabilize and continue, gradually weakening, with moving averages turning around. The volume shows a bearish entity pattern, regardless of whether the bulls recover or not. But the current short-term further decline is inevitable, so our next approach is mainly to go short at high levels.

Personal suggestion for Bitcoin trading: short around 81,200, target 80,200-79,400. #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 $BTC
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