Morning Analysis on May 12

Good morning everyone, I am Yifan. Yesterday, the same idea as Yifan, Bitcoin arrived as expected,
Currently, BTC is close to the middle Bollinger Band, with the upper and lower bands continuously narrowing, and the window for direction choice is shrinking.
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- After the MACD death cross, the green bars continue to expand, indicating increasing bearish momentum; KDJ is turning down from a high level, with obvious short-term correction pressure.
- The MA7 and MA30 moving averages are almost converging, with no clear trend guidance, and in a volatile market, beware of false breakouts.
Mid-term (hourly chart reference)
- The previous upward trend has not been completely broken, but the momentum has significantly weakened. If the hourly MACD also forms a death cross, the correction is likely to expand.
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- Key support: 81,000-81,200, breaking below which targets 80,300-80,500.
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- Key resistance: 82,000-82,200 (Bollinger upper band + intraday high), only after stabilizing can there be a chance to restart the rally. Yifan's personal suggestion: around 80,000-80,500, with targets of 82,000-82,800, and a breakthrough to watch 83,500.