5.12 Bitcoin Market Analysis

Yesterday’s overall market showed a choppy, oscillating trend. In the early morning, it rose to 82,000 points before pulling back; it is currently back to around 81,300 points. Yesterday also shared a bullish outlook, and a 1,000-point profit was secured.

In the short term, the pullback is still only a matter of price adjusting within a certain range. The support below remains strong, and the pullback is limited in strength. From the 4-hour timeframe, a prior big bearish candle pulled back and completely swallowed the breakout’s upward move; it also retraced to the middle band of the Bollinger Bands, where support is strong. Overall, the market’s lows and highs are rising steadily. The bulls’ positioning remains firmly intact. Overall, the bullish trend is unchanged.

Trading Suggestions:
Go long near 80,500-81,000 points, targeting 82,500-83,000. #比特币波动 #特朗普5月13日访华