Cryptocurrency Li Ying: On May 13, Bitcoin danger signals frequently emerge, and an outbreak may occur at any moment! Latest market analysis
Cryptocurrency Li Ying: Latest market analysis for Bitcoin on May 13
Article published on 2025.5.13—01:30
Current Bitcoin price is 103,000. The pullback depth is sufficient; 102,500 has been reached. What remains is to patiently wait for the stretch to end and take profits. As usual, Li Ying starts the analysis from a macro perspective for everyone's reference. Why did I enter the market at this position? Firstly, there has been a recent uptrend in the fast line, but recently a pullback has occurred, with the price fluctuating around MA(7) and MA(30). The two moving averages are converging, indicating potential uncertainty in the trend. At the same time, the MACD indicator shows negative values, suggesting downward pressure in the short term. This is also why Li Ying chose not to go long at the 104,000 support level but rather waited to enter at the key support of 102,500.
In the short term, Li Ying has discovered that the market may face downside risks, especially in the case of a top formation and a bearish engulfing pattern. The continuous red bars in the MACD indicator also indicate strong current downward momentum. Although there has been a short-term pullback in the market recently, the overall trend remains strong. It is essential to be cautious of the risk of weakening short-term momentum, so proper stop-loss measures must be in place for safety first.
Li Ying recommends that if the K-line breaks through an important support level in the short term, one might consider a stop-loss or reducing positions to mitigate risks. Additionally, pay attention to the support situation of MA(30) and the middle band of the Bollinger Bands. If the price finds support and shows signs of stabilization, one might consider building a position to aim for a short-term rebound. Continuous attention should be given to the key resistance level of 105,000 to assess market changes before deciding whether to take profits or continue looking upward.
Today's Li Ying point prediction
Long entry point 102,500, add long at 102,000, stop loss 500 points, target 104,500
Short entry point 105,500, add short at 105,800, stop loss 500 points, target 103,500
The above analysis by Li Ying is based on market data and trend analysis from the order book and does not constitute investment advice. For reference by family members $BTC