5.12 Morning

Today’s Bitcoin 1-hour chart signals are very clear.
Currently, the price is steadily above the middle band of the Bollinger Bands, and the overall short-term bullish pattern still dominates; the Bollinger Bands are continuously narrowing, and the market is entering a high-level energy accumulation and consolidation phase, with bulls and bears about to face a new round of directional choices.

The short-term first resistance is 82,160, combined with the previous high of 82,460. This is the key watershed for whether the bulls can open a new upward space. Until a strong breakout is confirmed, the upward potential will remain limited.

The lower band of the Bollinger Bands at 80,380 forms a strong bottom-line defense. The market has tested the middle band multiple times without effectively breaking below, indicating very strong buying support below and insufficient short-term downward momentum.

Today’s overall main trend is bullish, with a short-term focus on retracement and energy buildup, mainly aiming for low-position buybacks on dips, and short-term short positions at high resistance for arbitrage opportunities. No chasing rallies or holding large positions; precise ambush within the range is the main strategy.

Bitcoin:
Pull back to 80,000-80,500 to stabilize and stop the decline, and if the hourly chart shows a bullish reversal candle, consider going long.
First take-profit target: 82,100-82,200, second breakthrough target: 82,600-82,800.

Concubine: 2240-2285, target 2340-2400$BTC $ETH $IOST