Coin Sea Wave: 5.12 Cryptocurrency Market Bitcoin (BTC) Latest Market Analysis and Insights

Coin Sea Wave: 5.12 Bitcoin (BTC) Market Analysis Reference:
Bitcoin currently quotes at 80,800, on the daily chart level, in a high-level consolidation phase after an uptrend, with the price consistently operating above the middle band of the Bollinger Bands, and above all EMA lines such as 7-day, 15-day, and 30-day. The core structure of the bullish trend has not been broken. However, from the momentum perspective, the MACD histogram is shrinking, the DIF line is turning towards the DEA line, showing signs of a death cross, while the KDJ and RSI indicators are turning downward from high levels, indicating that upward momentum is significantly weakening. In the short term, a high-level oscillation correction is highly probable. Resistance above is concentrated in the 82,500-83,000 range, with key support at around 80,000-79,500. As long as this support zone is not effectively broken, the overall upward trend still has a basis for continuation.
The short cycle 4-hour level has entered a clear short-term correction phase, with the price quickly falling from the upper Bollinger Band to below the middle band, and breaking below the 7-day and 15-day short-term EMA lines. The short-term bullish strength has significantly weakened. The MACD has formed a death cross with increasing bearish volume, the three lines of KDJ are turning downward, with the J value entering a weak zone, and the RSI indicator is also falling back to a neutral to lower area, showing that short-term bearish momentum is being released. The first support below is in the 80,500-80,000 range, which is a resonance support zone of the previous platform and the lower Bollinger Band. If the price stabilizes here, it is likely to return to high-level oscillation; if it breaks below, the downward space will further open, so traders should prepare risk controls in advance.
Coin Sea Wave: 5.12 Short-term Bitcoin Market Reference:
Long position: Buy in the 79,200-80,200 range, stop loss 500 points, target 81,000-82,000,
Short position: Sell in the 82,500-81,500 range, stop loss 500 points, target 81,000-80,000,
This content is originally shared by 【Coin Sea Wave】, representing personal opinions only. The article may have delays in delivery and is for reference only. Do not operate blindly! Hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and stay rational and calm. #特朗普5月13日访华 #MARA一季度净亏损13亿美元 $BTC