Brother Tong's 5.12 BTC Strategy


Market Breakdown
Daily Level: Price is still trading above the upper band of the Bollinger Bands, MACD red bars have shortened but no death cross has formed, RSI remains in the neutral zone at 55, with no signs of topping out. The major upward channel remains intact.
4-Hour Level: Retraced from the 82,828 high, MACD has formed a short-term death cross, which is a normal adjustment during an upward process. The middle Bollinger Band at 82,000 is a short-term resistance, and the lower band at 79,800 is a strong support.
1-Hour Level: After a rapid decline, RSI has dropped to 36, approaching oversold, KDJ shows signs of turning, and a rebound could start at any time in the short term.

Trading Strategy
Entry: Pullback to 80,800-80,300
Stop Loss: 79,500
First Target: 82,000
Second Target: 82,800
Third Target: 83,500-84,000 (an acceleration zone after breaking the previous high, ultimate take profit)$BTC
BTC0.36%
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