Cryptocurrency Circle Liying: On May 12, Bitcoin caught a waistline, confirming short-term top signals? A thousand-point pullback is imminent! Latest market analysis.

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21 hours ago

Li Ying in the Crypto Circle: Bitcoin 5.12 Latest Market Analysis

Article Published on 2025.5.12—01:00

The current price of Bitcoin is 104,000. As usual, let's start with an overall analysis, which provides a clearer view. Currently, the market is in a consolidation phase within an overall upward trend. The K-line is fluctuating near the upper Bollinger Band, while the trading volume is stable to slightly lower, indicating short to medium-term pressure. Therefore, in the short term, Li Ying believes the market may face a pullback pressure. On one hand, the weakening MACD momentum shows an increase in selling power, which may lead to a death cross. On the other hand, the pressure from the upper Bollinger Band and the decrease in trading volume indicate that the current market sentiment is hesitant, possibly needing to digest the previous gains.

Li Ying suggests that everyone closely monitor the resistance levels at the upper Bollinger Band of 104,750 and the previous high of 105,000. If the market breaks through these resistances, it may continue to rise; otherwise, one should be cautious of the pullback risk. Consider looking for buying opportunities when the price retraces to the middle Bollinger Band at 103,500 or the lower band at 103,000, while remaining cautious and setting stop-losses. Pay attention to changes in MACD momentum and trading volume to determine the next steps, with safety as the priority.

Currently, the K-line pattern shows a belt hold line and a top distribution pattern, which are quite significant in the short term, indicating potential pullback risks. The MACD suggests the possibility of adjustment or pullback, and the K-line is oscillating near the upper Bollinger Band but has not effectively broken through. Support at the middle band shows optimistic market sentiment, with short-term MA maintaining a strong upward trend. The distance between short and long-term moving averages is widening, supporting strong upward momentum. Therefore, it can be seen that the bulls remain strong. Li Ying recommends focusing on long positions at lower levels, with short positions as a supplement.

Today's Li Ying Point Forecast

  • Long Entry: 103,500, add long at 103,000, stop at 500 points, target 104,500
  • Short Entry: 104,500, add short at 105,000, stop at 500 points, target 103,500

The above analysis is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying 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, Li Ying feels a responsibility to share her insights, hoping to assist others with dreams in finding their place in this unpredictable market and embarking 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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