May 12 Morning Analysis

Good morning everyone, I am Yifan. Yesterday, Yifan's thoughts were the same, and Bitcoin arrived as expected,
Currently, BTC is close to the middle Bollinger Band, with the upper and lower bands continuously narrowing, and the window for direction choice is shrinking.

- After the MACD death cross, the green bars continue to expand, indicating increasing bearish momentum; the KDJ is turning downward from a high level, showing obvious short-term correction pressure.
- The MA7 and MA30 moving averages are almost converging, with no clear trend guidance; in a volatile market, beware of false breakouts.

Mid-term (hourly reference)
- The previous upward trend has not been completely broken, but the momentum has significantly weakened. If the hourly MACD also forms a death cross, the correction is likely to expand.

- Key support: 81,000-81,200, with a decline to 80,300-80,500 after breaking.

- Key resistance: 82,000-82,200 (Bollinger upper band + intraday high), only if it stabilizes there can the upward restart be possible. Yifan's personal suggestion: around 80,000-80,500, target 82,000-82,800, and look for a breakthrough beyond 83,500.