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5.13
After dropping to a low of 79,800 yesterday, it quickly stabilized, and in the early morning, the buying momentum increased, leading the market to start a steady rebound trend, oscillating upward to around 81,100 before entering sideways consolidation. Overall, it is within the 11,000-point range!
On the daily chart, the bearish momentum continues to weaken, the market has stopped falling and stabilized, forming a recovery positive candle; a strong support zone has formed at 79,100, with solid bottom support; the key resistance level at 82,800 is clearly under pressure, indicating a short-term bullish breakthrough of a critical threshold.
On the four-hour chart, bearish volume continues to shrink, the price rebounded to touch the middle band of the Bollinger Bands, entering a short-term accumulation and consolidation phase; on the hourly chart, bullish momentum continues to expand, technical indicators are turning upward with a golden cross, diverging upward, and the short-term rebound upward trend is clear.
Bitcoin
Pullback near 79,800-80,300, short-term rebound expected, target 81,500—82,800
Altcoin
Pullback near 2,240-2,270 for low buy-in, look at 2,330—2,400 area.
$BTC $ETH $IOST $BCH $ETC $ETC
After quickly stabilizing at a low of 79,800 yesterday following a dip, funds increased their support in the early morning, and the market began a steady rebound trend, oscillating upward to around 81,100 before entering sideways consolidation. Overall, it dropped 1,100 points!
On the daily chart, bearish momentum continues to weaken, the market stops falling and stabilizes, forming a recovery positive candle; a strong support zone has formed at 79,100, with solid bottom support; the key resistance level at 82,800 is clearly under pressure, indicating a short-term bullish breakthrough of a critical threshold.
On the four-hour chart, bearish volume continues to shrink, the price rebounded to touch the middle band of the Bollinger Bands, entering a short-term accumulation and consolidation phase; on the hourly chart, bullish momentum continues to expand, technical indicators are turning upward with a golden cross, indicating a clear short-term rebound upward trend.
Bitcoin
Retrace around 79,800-80,300, short-term look for a rebound, target 81,500—82,800
Altcoin
Retrace around 2,240-2,270 for low buy-in, look at 2,330—2,400.
$BTC $ETH $IOST $BCH $ETC $ETC