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May 14th Bitcoin (Big Pie) Strategy:
Yesterday, Bitcoin experienced a sharp decline, dropping to a low of 78,716, but the key support held firmly.
The spot long positions I shared with everyone yesterday, although slightly shaken by a small sell-off in the middle, were completely manageable, and the market is gradually warming up again. The selling pressure from the bears has basically been exhausted, selling sentiment is retreating, and many funds are bottom-fishing at low levels. Now is the time for a stabilization and rebound.
The decline is basically over now, and the short-term bulls are in control. Every retracement in the future is an opportunity to buy low. Currently, going against the trend and shorting is very risky, don’t blindly look for shorting opportunities.
Bitcoin
Buy in batches around 78,500 to 79,000
First target 80,500, second target 81,200, if it breaks strongly, look for 82,000