5.13 Bitcoin Market Outlook

The overall downward trend has now come to a halt, with the market bottoming out and reversing upward, still maintaining the core logic of low-position buying.
Overnight, Bitcoin continued to test the bottom, quickly stabilizing and rebounding after dropping to the key strong support level of 79,800; this level is a classic center for bullish and bearish shifts, where the bearish momentum directly exhausts itself, and funds quickly rally to support, forming a bottoming and rebound structure.
Currently, it has returned to the 80,500 range for oscillation and consolidation.
From a trend perspective, this round of decline is a healthy correction within an upward trend, not a signal of a trend reversal.
Repeated bearish pushes have failed to open downward space, with solid support below, making a significant decline unlikely in the near future.
The pullback provides a low-entry opportunity, with the main strategy being to buy on dips.
Trading Strategy
Gradually build long positions in the 80,000–80,500 range, with short-term targets of 81,500, and if broken, continue to look for 83,000. #Gate广场五月交易分享 #美国4月CPI上涨3.8% #Polymarket每日热点