5.12 Tuesday Morning Bitcoin Market Analysis

Yesterday, Bitcoin quickly stabilized after retracing to the 80,500 level, halting its decline and establishing a stable footing, then began a strong rebound, surging to 82,100 in the early hours. The overall market perfectly aligned with yesterday’s low-buying strategy, with three consecutive low-position long positions accurately executed, successfully locking in profits.

The overall bullish trend in the market is very clear, with lows continuously rising and highs consistently breaking through. The bullish upward pattern has been fully established. Currently, the coin price has strongly broken through previous key resistance zones, with old resistance levels successfully turning into strong support, and the market’s center of gravity steadily moving upward. The short-term slight pullback is merely a normal consolidation during the upward trend, not a sign of trend reversal.

Trading strategy: During Bitcoin’s retracement to the 80,500-81,000 range, gradually add long positions. The initial target is 82,500, and if broken, aim for 84,000 as the next level.