5.12 Morning Analysis:

In the Bitcoin 1-hour cycle, the Bollinger Bands show the price holding above the middle band, indicating a short-term bullish bias. The upper band at 82159 and the prior high at 82460 form strong resistance, while the lower band at 80376 provides effective support. The bands narrowing suggests high-level consolidation and range-bound movement. The KDJ indicator turns down from the high level, and bullish momentum is weakening, implying a need for pullback and repair. As the price dips back to the middle-band support without breaking it, there is strong buy-side support below; in the short term, it may continue to trade in a range. For trading, use the Bollinger middle band at 81268 as the defense level. If support holds during the pullback, you may try a low buy. As long as the overhead resistance is not relieved, focus on the breakout direction within the range.

Trading suggestion: 80700-81200 哆, target 82200-82700.$BTC $GT $ETH #Gate广场五月交易分享 #比特币波动