Pionex: Bitcoin 5.14 Latest Market Analysis
Article Published on 2025.5.14—01:00
The current price of Bitcoin is 104,200. All I can say is congratulations. The insights provided by Pionex have once again been validated, so I won't go over the past analysis. Let's look at the current market. Pionex first analyzes the overall K-line, which is currently in a high-level oscillation trend. In the short term, the market is in a potential rebound phase. The MACD indicator's golden cross and bullish engulfing pattern suggest a possible increase in upward momentum. However, the top formation and doji pattern, along with the failure to break through previous highs, may hinder the rebound, which we need to pay attention to.
Therefore, Pionex suggests that short-term traders consider chasing the price after it breaks through previous highs while keeping an eye on moving average support levels like MA(30) to determine stop-loss points. For medium to long-term investors, they should observe changes in trading volume and further strong signals from the MACD indicator to confirm the sustainability of market sentiment. Additionally, closely monitor key support and resistance levels to ensure operations are within a controllable risk range; safety first at all times.
In technical analysis, Pionex finds that the K-line patterns of three rising soldiers and bullish engulfing indicate short-term upward momentum, but the doji and dark cloud cover may suggest upward resistance. The short-term MA7 is running above the price, indicating strong recent upward momentum, and the price has not fallen below MA30, suggesting support strength. The MACD's rising momentum is strengthening, and the bullish trend continues. The strategy remains unchanged, primarily bullish, and we will consider bearish positions only after breaking previous highs, which is not currently on the table.
Today's Pionex Price Predictions
- Long Entry: 102,500, add long at 102,000, stop at 500 points, target 104,500
- Short Entry: 105,500, add short at 105,800, stop at 500 points, target 103,500
The above analysis is based on market data and trend analysis from Pionex and does not constitute investment advice. It is for reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to help others with dreams find their place in this unpredictable market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are borne by the reader.
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