5.13



After dipping to the low of 79,800 yesterday, it quickly stabilized. In the early morning, buying support strengthened, and the market opened a steady rebound—moving all the way up in a choppy advance to around 81,100, where it entered a period of sideways consolidation and rest. Overall, it is within the range of 1️⃣1️⃣0️⃣0️⃣ points!

On the daily chart level, bearish momentum continues to steadily weaken. The market has stopped falling and stabilized, closing with a corrective bullish candle. A strong support zone has formed at 79,100 below, with solid bottom support. Above, 82,800 is a key resistance level—pressure there is clearly evident, indicating that a short-term bullish breakout through the core level is imminent.

On the four-hour chart level, bearish volume continues to contract. The price rebounded to test the Bollinger Bands middle band, and the market has entered a phase of building strength and consolidation in the short term. On the hourly chart, bullish momentum continues to expand; technical indicators have turned upward, forming a golden cross and diverging upward. The short-term rebound upward trend is clear.

Bitcoin
Pull back near 79,800–80,300, looking for a short-term rebound. Targets: 81,500—82,800

Ethereum
Buy the dip near 2,240–2,270, looking at around 2,330—2,400

$BTC $ETH $IOST $BCH $ETC $ETC
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
FinancialSunshine
· 4h ago
5.13

After dipping to a low of 79,800 yesterday and quickly stabilizing, buy-side support strengthened in the early hours. The market then opened a steady rebound, and after fluctuating higher all the way up to around 81,100, it entered a period of sideways consolidation and rest. Overall, the market dropped by 1,100 points in the process!

On the daily chart, bearish momentum continues to fade, and price stopped falling and stabilized, closing with a corrective bullish candle. A strong support zone formed at 79,100—bottom support is firm. Meanwhile, the key resistance level at 82,800 is clearly under pressure, suggesting that in the short term the bulls are pressing toward a core breakout threshold.

On the four-hour chart, bearish volume continues to contract. The price rebounded and touched the Bollinger Bands’ middle band, entering a phase of short-term accumulation and consolidation. On the hourly chart, bullish momentum continues to expand; technical indicators turned upward, forming a golden cross with upward dispersion. The short-term rebound upward trend is clear.

Big Cake
Pull back around 79,800–80,300, wait for a rebound in the short term, target 81,500—82,800

Ether
Pull back around 2,240–2,270 for low-bid accumulation, look at the 2,330—2,400 area.

$BTC $ETH $IOST $BCH $ETC $ETC
View OriginalReply0
  • Pin