$BTC Wednesday, May 13th Afternoon Bitcoin and Ethereum Latest Ideas and Analysis

Volatility is the ladder of warriors; mediocrity is the grave of the weak. Since you've chosen the distant path, keep moving through wind and rain, see you at the top. Looking back, Bitcoin from the early morning low of 79,843 has risen all the way to the midday high of 81,281, while Ethereum closely follows Bitcoin’s trend from the early morning low of 2,256 up to the midday high of 2,303.

Based on the current four-hour chart, although the price is still fluctuating above 81k, a closer look—MACD has already formed a clear death cross, DIF is below DEA, green bars turning red? No, now the green bars have disappeared, and bearish momentum is building. This is called a “water death cross,” often the beginning of a correction.

Looking at the volume, the last two candlesticks show decreasing volume during the rebound, while volume increased during the decline. Today’s volume bars haven't even surpassed the 5-period moving average, indicating buying pressure is clearly lagging. The previous high at 82,850 above looks like a hat being held down; multiple attempts to push higher have been pushed back—it's not a lack of strength, but no one really wants to push it up.

From a pattern perspective, it looks worse, with higher highs gradually decreasing and lows constantly testing the 80k level. If the recent low of 79,200 is decisively broken, the next move could be a plunge into the abyss. Lao Lei doesn’t talk about faith; whatever the chart says, that’s what it is. Buying at this level is like catching a flying knife; better to hold a small position and try shorting, with a stop-loss above the previous high.

Afternoon Trading Strategy
Short around 81,600 for Bitcoin, target 80,500
Short around 2,320 for Ethereum, target 2,275