Tuesday, May 12 Morning Analysis

The Bollinger Bands channel continues to expand upward, with the middle band at 81227.3 forming a strong support. The price has consistently stayed above the middle band, indicating that the short-term bullish channel is fully open. The current slight pullback is just a normal correction during the upward movement and not a trend reversal signal.
In terms of moving averages, the 7-period and 30-period moving averages have already formed a golden cross upward. The price relies on the double moving averages to steadily rise, with support levels continuously moving higher. The trend's stability is very strong, with no signs of weakening.

The MACD indicator also maintains healthy bullish momentum. The DIF line remains above the DEA line. Although the red histogram has slightly contracted, there is no death cross or significant volume reduction, and the bullish strength still dominates.
From the price structure perspective, the market has formed a textbook ascending channel. Since the low point at 80394.0 started, the lows have been raised, and the highs have continued to move up to around 81880.0. This “higher lows + higher highs” structure is the core feature of the continuation of the bullish trend.

Key support is concentrated in the 81200-81400 range. Once stabilized above 81300, this area is both the position of the Bollinger middle band and the support zone of the 30-period moving average. As long as the pullback does not break this range, the bullish trend will not change.
Short-term resistance is at 81800-82000, near the upper Bollinger band and previous high points. Once broken, the bullish space will further open.
My personal suggestion is to wait for a stabilization around 80500-81200, then target 82000-82800. A breakthrough could lead to 83500-85000.
Pay attention to news in the evening, avoid sudden events, and manage pullbacks carefully. #BTC #ETH #BTC走势分析