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On Tuesday, Bitcoin experienced a strong rally, continuing the bullish trend, and the overall upward momentum remains unchanged.
The market maintained a range-bound consolidation yesterday, with an early attempt to test the 82,100 level before facing resistance and pulling back.
Currently, it is holding above the 81,700 level and oscillating sideways.
From a technical perspective: the 4-hour Bollinger Bands are tightening overall, with the channel gradually flattening, indicating that short-term market volatility is continuing to contract.
The market is entering a consolidation phase in a range, a typical pre-breakout pattern.
The price remains firmly above the middle Bollinger Band, with a solid medium- to long-term bullish structure, and the trend has not been broken.
The strong support at the 80,000 integer level has been tested multiple times, with quick rebounds each time, maintaining the overall bullish upward pace.
Tonight, the CPI data will be released soon, likely causing increased short-term market volatility and fluctuations.
However, it is unlikely to break the current trend and lead to a one-sided market.
Currently, market sentiment is cautious and wait-and-see, and the overall trend still relies on technical analysis to maintain a bullish pattern. #Gate广场五月交易分享 $BTC $ETH