Bitcoin Hits New Highs! Market Review and Trading Strategy Analysis for May 12 On May 12, Bitcoin continued its strong momentum, successfully reaching the $105,000 mark, setting a new recent high.
The bullish strategy laid out previously has continued to be effective in this market cycle, with most investors having successfully taken profits and exited, while only a few have retained their positions to capture further upside.
For the current trend, short-term trading advice suggests mainly going long on pullbacks.
Combining technical analysis with support level calculations, the ideal entry point is in the range of $102,880 - $103,300, with a target price set at $104,500 - $105,000. Be aware of market volatility risks; if the market accelerates upward or experiences a sudden pullback, consider adjusting your profit-taking timing flexibly.
Additionally, keep an eye on related opportunities with Ethereum, Dogecoin, and others, and synchronize allocations for cooperative gains.
When trading, it is advised to strictly control position sizes to avoid excessive leverage, in order to cope with the high volatility of the crypto market.
