May 12 Market Analysis: Bitcoin is currently still fluctuating around the resistance level, with wide-range oscillations up and down. The long-term resistance level remains around 84,800, with support at 75,000. Pay attention to the pin-up pattern on both sides. For a longer-term view, consider a broader range and avoid chasing the rally. The key bullish and bearish dividing point is 75,000. Short-term strategy: The current market is moving within a range, so cycle trading is suitable. Strictly follow the trading strategy, control your position size well, and implement strict stop-loss. The current trading range is as follows: the first resistance level is around 82,500, with the first support level at approximately 80,200. The trading zone is between 80,200 and 82,500. If it breaks below 80,200, the support below is around 78,500. Note: Only trade at key levels, set proper stop-losses, seize opportunities carefully, and wait patiently for the right moment. Key support levels: 78,500, 80,200. Key resistance level: 82,500.