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Market Trend Analysis: $BTC (2026-5-13)
Last night, key CPI data was bearish for U.S. stocks➕ and cryptocurrencies. Bitcoin continued to decline. Currently, I assume we are already at the top pattern. The first spike was to absorb liquidity, and the second attempt to hit a new high failed, aiming to induce more buying.
Now, there is a daily-level rebound. The first sign of not breaking the previous high indicates a significant pullback is coming. The support at 75 below is very strong. If 75 breaks, a true downward correction will begin📉.
Currently, my strategy is to firmly hold short positions! I am a trend trader!