5.14 Bitcoin Morning Analysis

Last night, the overall trend of Bitcoin was volatile and weakening, dropping to a low of 78,700 in the early morning before quickly stabilizing and rebounding, rising to around 79,300 to maintain sideways consolidation; early in the morning, it attempted to surge towards 79,600 but faced resistance and pulled back, with the overall market stuck in a range-bound tug-of-war, showing a choppy trend.

The market formed a bottoming-out and rebound pattern, but the rebound momentum was relatively weak, with limited upward space, and the 80,000 integer level remains a strong short-term resistance; on the daily chart, the upward channel remains intact, currently in a healthy pullback during the upward move, with future focus on the recovery and rebound strength of the dip.

Trading suggestions:
Bitcoin retraced to the 78,800-78,900 range for buying the dip, with a stop loss at 78,500, and the short-term target first set at 80,000. #特朗普5月13日访华 $BTC