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May 14 Thursday Mu Feng Afternoon Market Analysis
BTC triangle breakdown to shake out, the lowest 78,700 tested and completed, indicating a bear trap, the overall trend remains bullish.
Current price is 79,962, with 79,500 as the short-term support and resistance level; holding above it signals stabilization and a rebound, with strong support at 78,700 difficult to break. Currently, it is gathering strength at low levels, preparing for a rally.
Trading Suggestions
BTC: Buy in batches between 79,000-79,500, target 81,000-82,000, with a breakout eyeing 83,000
ETH: Buy in batches between 2,240-2,260, target 2,300-2,340, with a breakout eyeing 2,400