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5.11 Luo Yi Double Bottom Lunchtime Analysis
The double bottom bulls continued to exert strength at lunchtime, with the overall price action remaining bullish. The upward pace steadily followed the main trend, with sufficient support below.
On the daily timeframe, the bullish structure is still intact; price is trading above key support, and the medium-term trend has not changed. After a run-up, the four-hour momentum slowed and indicators showed signs of a modest pullback, indicating a short-term consolidation phase. On the hourly timeframe, the trading range narrowed; the defense at the lower support level is firm, with no downside breakdown signal. Overall, the market mainly focuses on high-level adjustment and building strength.
Bullish layout reference
If the price pulls back to the 2320-2300 range and stabilizes, go long. Stop loss: 2270. Target: 2380-2420. $BTC $GT $ETH #Gate广场五月交易分享 #比特币波动 #山寨币资金回流