5.13 BTC Afternoon Analysis

In the morning, the BTC market continued to remain weak. After it touched the 79,790 support low, bearish momentum clearly began to fade. Then the price moved into a period of consolidation and rebound, and it has now regained above 80,700. Bulls and bears are currently locked in a short-term tug-of-war near the 80,000 level.

From a technical perspective, looking at the 1-hour chart, after the recent series of consecutive bearish candles fell and reached the 79,790 low point, a long lower shadow was formed, indicating that this area has strong support. Currently, the lower band of the Bollinger Bands is starting to level off, and the price has moved back above the Bollinger middle band. In the short term, the KDJ indicator has become dulled at low levels and is turning upward; on the hourly cycle, bullish strength continues to release. The indicator’s golden cross points upward, and the short-term rebound trend is clear.

Ideas and operational suggestions:
The afternoon market has already stabilized at the bottom. The main approach is to look for a rebound by watching for pullbacks to support.

Trading reference: Buy in batches at 80,400–80,700, targeting 81,300–82,000.
$BTC #美国4月CPI上涨3.8%