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May 12th Bitcoin Analysis Bitcoin's early morning movement surged to 2345 before pulling back, with the lowest at 2293, currently at 2310. High-level resistance, declining volume, short-term weak oscillation, linked to Bitcoin sentiment.
Technical chart shows a consolidation phase, with balanced bulls and bears, no clear short-term trend.
Resistance at 2340—2350, support at 2290—2300.
Range-bound weak oscillation, holding support for a rebound, only resuming bullish if breaking resistance, breaking support indicates a downtrend.
Rebound at 2340-2350 faces resistance, stop-loss at 2380, target 2300-2290.
Trade with a light position throughout, strictly cut losses, do not hold positions through large swings #Gate广场五月交易分享 $BTC $ETH