Waves in the Currency Sea: 5.13 Bitcoin (BTC) Market Analysis Reference:

The daily line of Bitcoin is currently still in an upward channel, with the price running above the middle band of the Bollinger Bands. The bullish arrangement of moving averages provides layers of support, but the recent price has been fluctuating at a high level, with a significant reduction in upward momentum. MACD shows an expansion of bearish momentum; although the DIF and DEA lines are still operating above the zero axis, they have formed a death cross pointing downwards. In the KDJ indicator, the three lines are diverging downwards, and the RSI indicator is in a neutral range, indicating that bullish strength is weakening. In the short term, Bitcoin is likely to continue high-level fluctuations within the range, and if it effectively falls below the key support of 80,000, it may trigger a phase-based pullback.

The short cycle at the 4-hour level is in a stage of high-level fluctuation and repair, with the price running above the middle band of the Bollinger Bands. The EMA7/15/20/30 moving average system is flattening and sticking together, with support concentrated in the 80,200-80,800 range, while upward faces dual pressure from previous high points and the upper band of the Bollinger Bands. In terms of indicators, the MACD histogram continues to shrink, with the DIF line approaching the DEA line, indicating a significant reduction in bearish momentum. The KDJ indicator has turned upwards from a low position to form a golden cross, showing that short-term bullish sentiment has been somewhat repaired, with a demand for the price to test upward pressure. However, current rebound volume is insufficient, and it is highly likely that there will be a sustained fluctuation in the short term, with the possibility of a retest of the lower band of the Bollinger Bands for support.

Waves in the Currency Sea: 5.13 Bitcoin Short-term Reference:

Long Position: Buy in the 79,200-80,200 range, stop loss 500 points, target 81,000-82,000,

Short Position: Sell in the 82,500-81,500 range, stop loss 500 points, target 81,000-80,000,

[The above analysis and strategies are for reference only. Risks are to be borne by the individuals, the publication or review of the article may lag, and the strategy may not be timely. Do not operate blindly.]

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