Bitcoin Short-Term Analysis



Analysis:
Stabilize around 80,300, then lightly add positions to go long. Target: 81,500-82,000
If resistance is met at 81,500-82,000 during the rebound, follow up with short positions. Target: 80,300-79,800

In the short term, the pullback from the high level is relatively weak. The price has retreated from the high point and broke below the middle band of the Bollinger Bands, indicating that bearish momentum is dominant in the short term. Today’s overall market for Bitcoin is biased toward range-bound consolidation, with no momentum for a one-way breakout in the short term; the probability of whipsawing back and forth is relatively high. #Gate广场五月交易分享 $BTC
BTC-1.68%
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