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5.12 Lunchtime Bitcoin Market 🍜 Shiyuan's Viewpoint
In a choppy market, should Bitcoin long positions be taken?
Currently, Bitcoin is around 81212, right in the middle of the choppy zone mentioned by Shiyuan in the morning (81000-82500), which is an awkward state of being neither up nor down! The nearest resistance level above is at 81800-82200 (the target range I provided), and further up is the strong resistance zone at 82800, which is completely consistent with my morning judgment. The support level below remains at 80500-80700, a range that has held multiple pullbacks and is the current lifeline for long positions.
$BTC $GT $ETH
Bitcoin suggestion:
If you followed Shiyuan’s Silk Road setup for long positions this morning, you can continue holding around 81200, focusing on the 81800-82200 resistance. Stop-loss at 80000. If there’s a volume breakout, hold; if it pulls back under pressure, reduce your position to protect profits.
Friends who haven't entered the market!! This is not the best buying point right now!! Prioritize waiting for a pullback to stabilize at 80500-80700 before lightly adding to positions, or follow the trend after a volume breakout above 82800.
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