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5.12 Luo Yi Midday Bitcoin Analysis — Volatility is building energy for a breakout! Bitcoin’s midday bullish trend remains strong.
Morning Review
After rising in the morning, Bitcoin saw a slight pullback; it then continued to range and consolidate at high levels. This is simply a correction—unable to fall further—so the overall upward trend remains unchanged.
Market Situation
By midday, the price has continued to fluctuate in a high range with no major ups or downs. It’s accumulating strength, and there’s a strong possibility that it will move further upward afterward.
Trading Suggestions
Long positions: Enter in the 80,500–81,000 range; place the stop loss below 80,000; the target is 82,000–82,500$BTC $GT $ETH