Coin Sea Wave: 5.13 Cryptocurrency Market Bitcoin (BTC) Latest Market Analysis and Insights

Coin Sea Wave: 5.13 Bitcoin (BTC) Market Analysis Reference:
Bitcoin daily chart is still in an upward channel, with the price trading above the Bollinger middle band, and the moving averages are in a bullish alignment providing multiple supports. However, recently the price has been oscillating at high levels, with obvious weakening of upward momentum, MACD bearish volume expanding, DIF and DEA lines still above the zero line but have formed a death cross pointing downward; the three lines of the KDJ indicator are diverging downward, and the RSI indicator is in the neutral zone, indicating that the bullish strength is weakening. In the short term, BTC is likely to continue oscillating at high levels within the range. If it effectively breaks below the key support at 80,000, a phase correction may be triggered.
The short-term 4-hour timeframe is in a high-level oscillation and correction phase, with the price trading above the middle band of the Bollinger Bands. The EMA7/15/20/30 moving averages are converging and flattening. Support is concentrated around 80,200-80,800, while resistance faces previous highs and the upper Bollinger Band. Regarding indicators, the MACD histogram continues to shrink, the DIF line approaches the DEA line, and bearish momentum is significantly weakening; the KDJ indicator has turned upward from a low point to form a golden cross, showing short-term bullish sentiment is recovering, and the price has upward testing pressure. However, current rebound volume is insufficient, and in the short term, it is likely to maintain a sideways trend, with a possibility of pulling back to the lower Bollinger Band support.
Coin Sea Wave: 5.13 Short-term Bitcoin Reference:
Long position: Buy in the 79,200-80,200 range, stop loss 500 points, target 81,000-82,000,
Short position: Sell in the 82,500-81,500 range, stop loss 500 points, target 81,000-80,000,
This content is originally shared by 【Coin Sea Wave】, and only represents personal opinions. There may be delays in article delivery. For reference only, do not operate blindly! Hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and stay rational and calm. #沃什确认出任美联储主席 #比特币市占率回升至58.5% $BTC