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May 13 Morning Thoughts
Blockchain Hot Topics May 13, Wednesday | Strong support, pullback to go long
Overnight Bitcoin dipped to the key support level of 79,800 and quickly rebounded, now at 80,614.20. Although yesterday's short-term long idea experienced some volatility, the support was effective, and the bears struggled to continue, so continue to buy on dips.
The daily moving averages are supporting upward, indicators are warming up, bulls are gathering strength; short-term breakout resistance has stabilized, the bullish trend is clear, with ample room above, and minimal risk of short-term pullback.
Operation: Buy on dips at 80,000‑79,500, target 81,500‑82,500, strictly control position size. Break through resistance and hold accordingly, follow the trend to grasp the intraday upward rhythm. $BTC $ETH