5.12 Evening Analysis

Good evening everyone, upcoming CPI, please control your positions
Currently, the Bollinger Bands on the chart are opening downward, and the price has broken below the middle band, indicating a bearish dominance in the market, with the lower band at 80,500 as a key support level.

- The moving averages are arranged in a bearish order, with the price hovering around MA7, and the MA30 above forming strong resistance, limiting the rebound space.

- The MACD is forming a golden cross below the zero line, indicating diminishing downward momentum; the KDJ is turning upward near the overbought zone, and short-term rebounds face selling pressure.

Capital continues to flow out net, and market sentiment is bearish. In terms of operations, prioritize testing short positions on rebounds with stop-loss above the intraday high; if the support is not broken during pullbacks, consider light long positions aiming for the Bollinger middle band. The market is volatile, so strictly control your positions, avoid blindly chasing highs, and do not hold onto losing positions.
A personal suggestion is around 79,800-80,500 for the target, aiming for 81,800-82,500. #BTC #ETH #BTC走势分析