5.13 Bitcoin Morning Review

Bitcoin is expected to continue rising today, breaking through the 82,000 level!

Yesterday, Bitcoin generally retraced from high levels, with the price rising to around 82,098 before quickly stabilizing and declining, showing a continuous downward trend throughout the day, closing near 79,801.

From the market performance, every time the price pulls back, bullish buyers step in to support, while the downward momentum of the bears continues to strengthen. Key support areas are repeatedly reinforced, lows have not continued to probe lower, and a short-term rebound has begun. Overall, the market remains in a slightly strong oscillation pattern.

On the news front, before the data was released last night, we successfully closed our short positions for profit. Currently, expectations of interest rate cuts are continuing to ferment, combined with continuous net inflows into Bitcoin spot ETFs, and geopolitical tensions driving safe-haven demand. Multiple positive factors are jointly providing strong support for Bitcoin.

Technically, the short-term bullish attack is strong, with sufficient upward momentum. The market is likely to follow an upward trend, with a potential test of the 82,000 support level.

Reminder:
The above analysis is solely my personal opinion. The market is ever-changing, and the content is for reference only. It does not constitute any investment advice!#比特币市占率回升至58.5%