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5.13 Evening
Thought Process Analysis:
Bitcoin overall shows a clear pattern of rising sharply and then pulling back today. After reaching a high near 81,270 on the white chart, it failed to stabilize, and the market continued to fluctuate downward. The lowest point in the evening was around 78,750, indicating that short-term bears have been fully released. Currently, the price is approaching the previous low support area, and the risk-reward ratio for further short positions decreases. If the price pulls back to around 77,500-78,000 in the evening and does not break below that level, it suggests that support may reappear below, and there is a short-term need for a rebound correction. Overall, the evening strategy should not blindly chase short positions but rather wait for a low-level pullback to find long opportunities. The initial target is 80,000, with a further target near 81,000.
As for the "concubine" (altcoin) token, it also followed Bitcoin’s pattern of rising and then falling today. After reaching a high near 2,322, it continued to weaken, with the evening low around 2,233. The short-term decline was significant, and bearish sentiment has been released. Currently, the key support zone for the altcoin is around 2,180-2,210. If the price pulls back to this area and shows signs of stabilization, there may be a chance for a oversold rebound correction. In terms of operation, the altcoin should mainly focus on buying the dip in the evening, with the initial target at 2,300 and further at around 2,350.
Trading Suggestions:
Bitcoin: Buy on dips near 77,500-78,000, target 80,000, 81,000.
Altcoin: Buy on dips near 2,180-2,210, target 2,300, 2,350. #美国4月CPI上涨3.8% $BTC $ETH