5.13 Evening Market Analysis



Do not oppose the market, do not fight the trend,
Choose the right direction, achieve twice the result with half the effort, if the direction is wrong, step by step into pitfalls.

Yesterday's CPI data was released, Bitcoin fluctuated slightly, today’s PPI data was released, and the market seemed to decline strongly, but in essence, it was just a wave of trap to induce short positions.
Tonight's market is likely to remain volatile, Bitcoin can be bought in the vicinity of 80,000, with a light position for short-term trading.

Although this market dipped to 79,801, it did not continue downward and quickly rebounded above 80,000. Our long positions today also gained some profit, and the subsequent market remains bullish.

The short-term shakeout has completely ended, the bottom phase is solidified, the bearish momentum is fully exhausted, and the market has shifted to a bullish dominance. A rebound can be expected, conservative traders can buy on dips in batches, set proper stop-losses, and hold for a wave of upward movement.
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FakeNews
· 5h ago
Chong Chong GT 🚀
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FakeNews
· 5h ago
Go all in 🤑
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FakeNews
· 5h ago
DYOR 🤓
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FakeNews
· 5h ago
Just charge forward 👊
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Singapore-BasedKXiaoYu
· 5h ago
Time is long, and we are all travelers on the road
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Singapore-BasedKXiaoYu
· 5h ago
Chong Chong GT 🚀
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Singapore-BasedKXiaoYu
· 5h ago
Go all in 🤑
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Singapore-BasedKXiaoYu
· 5h ago
DYOR 🤓
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Singapore-BasedKXiaoYu
· 5h ago
Steadfast HODL💎
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Singapore-BasedKXiaoYu
· 5h ago
Just charge forward 👊
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