5.14 BTC Morning Analysis

Yesterday, BTC faced resistance around 81,929 and pulled back. This morning, it continued to move weakly downward. The low touched around 78,721.5, before stabilizing slightly. Currently, the price has rebounded a little to around 79,430, with narrow-range consolidation. Bearish sentiment in the market is still dominant.

From the 1-hour timeframe technical chart, the price has been moving continuously in the lower Bollinger Bands area, and it has effectively broken below the middle band. The middle band has now become a key short-term resistance. After probing the low at 78,721 in the morning, a long lower shadow formed, indicating some buy-side support at that level. In the short term, the KDJ indicator is in the low area, and the J value shows a slight upward curling, suggesting a demand for technical rebound repair after oversold conditions. However, until the bulls can effectively stand back above the middle band, the overall structure still leans bearish.

Trading ideas and operation suggestions：
After being oversold early, there is an expectation of a short-term rebound, but overhead resistance is clear. In terms of execution, it is suggested to mainly short on rebounds.

Operation reference：Short at 79,800-80,300, target 79,000-78,500.
$BTC #特朗普5月13日访华