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5.12 Bitcoin Morning Analysis and Review Bearish momentum weakening, decline imminent
Reviewing last night, Xin Xin persisted with the bear trade idea, a wave of rally in the evening, the idea played out as expected, brothers who followed safely gained over 1500 points, and on Monday, four traders collectively gained 430 bear points.
But as the market has developed to this point, the bear momentum has shown signs of fatigue, heavy selling pressure above 82,000, prices stagnating at high levels, double top pattern formed; KDJ indicator turning at high levels, bear momentum rapidly diminishing, clear sign of a pullback.
Trading suggestion:
Watch for a rebound in Bitcoin to the 81,900-82,000 range mainly for short positions, stop-loss above 82,300, first target at 81,000, and if broken, look at 80,500-80,600.
$BTC $ETH #比特币波动 #特朗普5月13日访华 #CLARITY法案下周审议