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Wednesday, May 13th BTC Bitcoin Afternoon Analysis
The overall market is operating in a relatively strong manner, with a dip to test the bottom in the early morning and then a steady rebound, firmly staying above the 80,000 level. Market bullish sentiment is heating up, with active buying at low levels, and the market focus continues to shift upward.
The four-hour chart shows healthy oscillation, with moving averages gradually turning upward, ample bullish momentum, solid support below, and short-term resistance above at 82,500. The overall upward trend is clear.
In the afternoon, follow the trend to go long, enter long positions on dips to 80,600, with a stop loss at 79,500. The initial target is 82,300, and if broken, look toward 83,000. Hold positions in line with the trend.