5.15 Afternoon Bitcoin Market Analysis

The morning market continued the retracement from early morning, first bouncing around 81,000. At that time, I reminded my brothers not to rush into buying, as the retracement was still confirming, and the 80,000 support is uncertain. Meanwhile, my early morning analysis also aligned with the trend, and those holding long positions shouldn't panic; as long as support holds and a rebound occurs, it can be resolved, though it may feel uncomfortable. The retracement of the altcoin has exceeded the expected 2250-2240, approaching the previous low of 2233.

Bitcoin 1-hour technical analysis: Based on the large bullish rebound last night, there is potential for a surge in the bullish momentum. The small bearish correction this morning is also normal and doesn't significantly impact the overall bullish trend. In the short term, around 80,600, there will be some consolidation; the momentum of the rally is not strong, and the KDJ indicator shows a low-level golden cross, which is favorable for buying. As long as support holds at the low levels, it's an opportunity to buy. Going forward, watch for Bollinger Bands to open upward and contract, with a strong defense below 80,000. Recently, I’ve also emphasized that at high levels, don’t look too far ahead, as the retracement of the rally tends to be more volatile, so don’t be greedy.