🍉5/13 Midday Bitcoin Market Outlook

This round of Bitcoin first broke below the triangle consolidation range and the key support at 80510, simultaneously breaking through previous lows, briefly testing support near 79520, then quickly bottoming out and rebounding to close higher, stabilizing above 80510. The support level repeatedly showed a bullish engulfing pattern, which is a typical false breakdown shakeout, mainly aimed at clearing out bullish liquidity below and not forming an effective bearish continuation.
Currently, as long as volume breaks above the upper triangle boundary, the resistance at 81560 will be broken accordingly, and subsequent moves can target previous high and low points; whether new highs can be achieved still needs to be verified as the trend progresses.
As long as it does not effectively fall back below 80,000‑80510, the overall rebound structure remains intact; if it falls back into this range again, it will test the early morning spike lows a second time.
The key dividing line for this rebound is at 82,000; only by holding this level can there be momentum to challenge new highs, otherwise the hourly chart remains in a weak pattern with gradually declining highs.

Trading Suggestions:
Bitcoin hourly chart volume stabilizes above 81,289, follow the trend, targeting 82,048‑82,800; if it does not break through this level, the rebound strength is limited.

If volume drops below 80,435 with a failed rebound, consider short positions.

Four-hour level breaks below 80,380, targeting 79,506‑78,632.
$BTC ‌#Gate广场五月交易分享