May 13 Market Analysis

$BTC ‌Viewpoint

Bitcoin broke below the triangle and the 80510 support, dipped toward the previous low, approaching 79520, then quickly recovered, with a bullish engulfing pattern near the support level, indicating a typical false breakdown (80% probability of clearing out lower bullish liquidity).

After returning above 80510 and retesting the support as valid, another bullish engulfing pattern appeared, making two clear long opportunities. The current focus is on a triangle breakout; if a volume-supported breakout occurs, resistance at 81560 will be taken out, further targeting the high-low range on the left side.

Key Judgment

Today’s retest did not effectively break below 80510-80000; the bullish structure remains intact; returning to this range will test the early morning lows again.

A rebound needs to break 82000 to have a chance at a new high; otherwise, the hourly high points will continue to decline.

Trading Strategy

Aggressive long on the right side: follow up on volume-supported breakout above 81289.

Short on the right side: follow up on volume-supported breakdown below 80435 + rebound without reclaiming.

Hourly level: hold above 81289 to target 82048-82800; otherwise, expect sideways weak movement.

4-hour level: if below 80380, target 79506-78632.

Key Price Levels

Upper Resistance: 81289-82048-82800

Lower Support: 80448-79780-79211

$ETH Thoughts

Bitcoin and Bitcoin Cash move in tandem, with support at 2255 tested multiple times successfully; short-term rebound opportunities are clear, with strict stop-loss operations.

Trading Strategy

Long on the right side: follow up on volume-supported breakout above 2300, stop out if broken.

Short on the right side: follow up on volume-supported breakdown below 2274, set proper stop-loss.

Retest long: confirm support at 2255 to go long, stop out if broken below 2218.

Left-side pin insertion: go long at 2205, stop out if broken below 2173.

Key Targets

Hourly level: hold above 2300 to target 2343-2377.

Upper short: try a small short near 2377, stop out if broken above 2423.

Risk Reminder: The above content is for reference only and does not constitute investment advice. Cryptocurrency markets are highly volatile; strictly control position sizes and set stop-losses.