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Jin Zhechuan: The bearish trend is gradually strengthening as of May 13, prepare for high volatility.

CN
金哲川
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2 hours ago
AI summarizes in 5 seconds.

On May 13, the market overall showed a sideways consolidation tendency, with relatively small fluctuations in the market. The previous day's CPI data had a limited impact on the overall market. Bitcoin dipped to 79,800 points during the session and then quickly rebounded, showing strong resilience; Bitcoin long positions were established at 80,100 and Ethereum long positions at 2,200.69, currently showing good floating profits. In the early session, a Bitcoin short position was entered at 81,600, and subsequently closed successfully at 80,600.

From a technical perspective, Bitcoin's hourly level trend is relatively weak, and it tested the key support level of 79,500 at the four-hour level. Attention should be focused on the 81,300-81,500 resistance zone above; if a strong breakout occurs, a short position can be built accordingly.

The overall trend for Ethereum is also weak, with support seen at 2,270 below and heavy resistance concentrated in the 2,300-2,320 range above.

Trump will conduct a state visit to China from May 13 to 15. This significant event may break the current market's sideways pattern and guide the market to find a clear direction.

Gold continues to decline, relying on the 4,730 resistance, while a short-term long attempt was made again at 4,660.

The overall market tone remains moderately bullish, with Bitcoin expected to maintain a fluctuation range of 77,000-86,000. Gold long positions were entered at 4,645, and profits were taken as it surged to 4,724, with smooth operational rhythm. It is advisable to maintain a cautious approach, waiting patiently for key time nodes to unfold, and then follow the trends accordingly.

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