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May 13th $BTC Market Analysis: Last night’s live broadcast helped everyone understand the principle of unity of knowledge and action. After the 1-hour price broke below 80,500, it rebounded to 80,600 to open a short position, which also aligns with our judgment yesterday noon: Bitcoin broke below 80,500 on the 1-hour close, then found support at 79,900. In the evening, it rebounded near 79,800.
Today’s market still watches whether the area around 81,400 will be suppressed again by the trendline and pull back. If the 1-hour candle successfully closes above this level, we may see resistance at 81,800 and 82,400 again.
Support below is at 78,700; pay attention to whether there will be a quick rebound from this level!