# Bitcoin


Today’s 5.14 Market Analysis and Strategy
⚡️Intraday Resistance: Around 80,000
⚡️Intraday Support: Around 78,800

The current market has stabilized after a sharp decline, with short-term bulls needing a rebound correction. After three consecutive bearish candles on the four-hour chart, the candlesticks have moved away from the middle band of the Bollinger Bands, and a clear long lower shadow appears at the lower band, indicating strong support at low levels. The support zone below 78,700-79,000 is solid and located at the middle line of the daily chart. The bearish selling pressure has gradually weakened. Although the larger upward trend has not been completely broken, the short-term bottom characteristics are beginning to emerge.
In terms of trading strategy, focus on buying at support levels to catch a rebound correction: buy in the 79,300-79,500 range, with targets near 80,500, and a breakout target of 81,500.
BTC0.89%
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