May 13th Bitcoin Trading Strategy:


Last night, Bitcoin kept dropping, reaching the key support level of 79,800. This position is the core point where bulls and bears have been switching back and forth. When the price touched this level, the bears lost momentum, and a quick rebound followed. Now it’s oscillating around 8,100.
I clearly stated yesterday to go long at low levels. Although the decline was sharper than expected, it quickly regained strength, indicating that the support below is very solid and the price won’t fall further.
Now, the bears have basically run out of steam, with little room to decline, making it difficult for the market to continue dropping sharply. As long as the price pulls back further, it’s a good opportunity for us to go long with the trend.
Bitcoin
Target first at 81,500, then at 83,000
$BTC
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