5.12 Tuesday Zhongling BTC/ETH Silk Luo — Continuous bullish trend reaching a peak; retrace to buy low, press high to sell

Bitcoin formed a V-shaped reversal after breaking the weekend triangle range yesterday. Bullish momentum was clearly on the move. During the midnight session, it edged up slightly; it briefly and falsely broke the 82,000 level before coming under pressure and falling back. At present, it is consolidating in a narrow range around the 81,800 area.

From the current market conditions, on the four-hour chart for Bitcoin: after a large bearish candle dropped to the midline, it stabilized. It then corrected with a doji candlestick, and the bulls stepped out with three consecutive bullish candles, pulling up side by side and rising to the upper band—an obvious “door” structure is visible. On the hourly chart, this rebound has not shown deep continuation. After a rise to the top and then a pullback, the subsequent adjustment is also a normal price action. Since there is still room to probe higher above the market, the bulls remain in a strong phase; therefore, in terms of execution, we continue to treat it as “buy low and sell high.”

Trading suggestions:
Buy in the 80,900-81,300 range for BTC, with a day target of 83,500!
Buy in the 2,310-2,330 range for ETH, with a day target of 2,440
$BTC $ETH $SOL #比特币波动 #山寨币资金回流 #特朗普5月13日访华