May 12 BTC/ETH Strategy

In the early intra-day session, Bitcoin and ETH sees a slight pullback in the larger coin market, and the chart enters a short-term technical pullback and repair phase. Overall, the trading rhythm is smooth and orderly. Based on the cycle trend and the strength/weakness structure of the market, there are two key support levels of particularly high reference value right now—these are the core areas where the short-term market stabilizes.

The key defensive position where the prior market move started upward is located around 80,300. This level is an important foundation of the current bull trend. Under normal strong market conditions, it is difficult for bears to effectively break through, and it is also the first line of defense for maintaining the bullish structure.

Looking at the overall long-term cycle, the bullish trend overall remains solid, and the possibility of a second dip to create new lows in the short term is extremely small. This support range is a high-quality area for laying long positions at today’s lower levels. From an execution perspective, the main approach is to follow the bullish momentum, wait for the market to continue its upward move, and gradually open up more space for gains.

Practical reference:
Bitcoin long on pullback near 80,500, with upside targets looking at 82,000 and 83,500
Ethereum long on retracement near 2,270, with stage targets at 2,380 and 2,450
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