Coin Circle Li Ying: On May 13, Bitcoin's warning signals frequently appear, an explosion may happen at any moment! Latest market analysis
Coin Circle Li Ying: Latest Bitcoin market analysis on May 13
Article published on 2025.5.13—01:30
Current price of Bitcoin is 103000, the depth of the pullback is sufficient at 102500, what remains is to patiently wait for the stretch to finish and take profits. As usual, Li Ying starts the analysis from the overall situation for everyone's reference. Why did I enter the market at this position? Firstly, there has been a recent upward trend with short lines, but a pullback has occurred lately, with prices fluctuating around MA(7) and MA(30). The two moving averages are tending to converge, indicating that the trend may have some uncertainty. At the same time, the MACD indicator shows negative values, suggesting short-term downward pressure. This is also why Li Ying did not choose to go long at the support of 104000 but waited to enter at the key support level of 102500.
In the short term, Li Ying has found that the market may face a risk of decline, especially in the case of a top distribution and bearish engulfing pattern. The continued red bars of the MACD indicator also indicate that the current downward momentum is strong. Although there has been a short-term pullback recently, the overall trend still appears strong, and one must be wary of the risk of weakening short-term momentum, so it's crucial to maintain a stop-loss for safety first.
Li Ying suggests that in the short term, if the K-line breaks below an important support level, one can consider stopping losses or reducing positions to avoid risks. Meanwhile, pay attention to the support situation of MA(30) and the middle track of the Bollinger Bands. If the price finds support and shows signs of stabilization, one can consider building positions moderately in anticipation of a short-term rebound. Continuous attention should be given to the key resistance level of 105000 to assess changes in market conditions before deciding whether to take profits and exit or continue to look upward.
Today's Li Ying point prediction
Long entry point at 102500, add long at 102000, stop at 500 points, target at 104500
Short entry point at 105500, add short at 105800, stop at 500 points, target at 103500
The above analysis by Li Ying is based on market data and trend analysis of the order book and does not constitute investment advice. For reference by family members $BTC