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Li Yaoyang’s Morning Market Outlook on 5.12
Yesterday’s market showed a strong rebound and surged, with the high reaching around 82,098. In the early morning, bullish momentum slowed down; under pressure, price pulled back and hovered around 81,700. The current trend support is holding for the moment, but the strength of the upward move at higher levels continues to weaken. Chasing the price is extremely risky, and bears may be ready to launch a second push at any time.
Operations
Short at the 81,600-82,100 range during the rebound. The first target is 81,100. If the bears continue and effectively break below the uptrend support of this leg, then look for the 80,700-80,200 range. #Gate广场五月交易分享 $BTC