Academician of the Cryptocurrency Circle: On the afternoon of May 15, Bitcoin's high-level retracement can be cashed out, and a strong support area is being tested. The opportunity for a northern layout has arrived!

The current price of Bitcoin in the afternoon is 80600, I just took profits and ran, earning a bit without gambling with the market! Now the price has pulled back, many people are panicking and unsure what to do, I'll directly give you a practical entry point: between 80000-80300, it just retraced to the previous rising trend line, the support is very strong. Set the stop loss at 79500; if it breaks, it indicates that this trend has temporarily weakened, do not hold the position stubbornly. We trade to earn money we can understand, not to be greedy or rush in; enter when it retraces to support, take profits when it rises, and cashing out is the most reliable!

At the 2-hour level, BTC is currently within the northern channel, with the price pulling back near the middle track of the channel, and the support is effective. The EMA moving averages are arranged upwards, with the 90/120 EMA forming strong support around 79000 below. The current price is operating above the 15/30 EMA, continuing the upwards trend. The MACD indicator shows that the DIF is above the DEA, with red bars increasing, indicating sufficient upward momentum. The Bollinger Bands are opening upwards, with the price between the middle and upper bands, short-term upper band pressure at 81950, support at 79800; as long as it does not break the pullback, the upward trend remains dominant.

The 30-minute chart is in a short-term consolidation range, with the price operating below the middle track of the Bollinger Bands, showing short-term weakness. The EMA moving averages are starting to flatten out, with the 15 EMA crossing below the 30 EMA, indicating a death cross. The MACD green bars are continuously releasing, and the short-term downward momentum slightly increases. However, the strong support near the lower Bollinger Band at around 80230 has not broken the previous rising trend line, with the range of consolidation being 80230-81540. If it breaks below the lower band, it may further decline; otherwise, it remains a consolidation buildup.

North and South Entry Points

North: Enter in the range of 80100-80200, regret point at 79600 (break below the 30-minute lower band support), target 81000-81500;

South: Enter on a rebound to the range of 81500-81700, regret point at 82000 (break through the 2-hour upper band pressure), target 80700-80200.

Currently in a consolidating market, do not heavily invest, do not hold positions stubbornly, prioritize the northern strategy, and treat the southern strategy merely as a short-term arbitrage, quick in and out.

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