5.13 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin retraced and then attacked again, with the price expectedly breaking through the 105000 resistance level, refreshing the previous high to touch around 105850, where it faced pressure. In the afternoon, the price of the coin broke down and moved downward, and by the evening, the price continued to adjust, with bearish sentiment gradually strengthening. Fortunately, it did not break below the 100000 mark, and a rebound occurred after touching around 100600. Currently, the coin price is running around 102000.

On the 4-hour chart, the recent price has rebounded after falling from the high point of around 105800 to the low point of around 100700, forming a clear retracement trend. The latest K-line closed near 102000, with significant short-term fluctuations. So far, the decline has reached more than three thousand points, and the 4-hour MACD histogram has continued to show negative values, with the fast and slow lines showing a downward trend. The 1-hour MACD histogram is also negative, indicating weak short-term momentum. RSI: The 4-hour RSI is 46.52, close to the neutral zone. The 1-hour RSI is 33.89, close to the oversold area, which may suggest a short-term rebound demand. EMA: The 4-hour price has fallen below EMA7 (102898.03) and EMA30 (102195.56), and the 1-hour price is also below EMA7 (102383.79) and EMA30 (103429.33). From the 4-hour view, the overall trend is bearish, with a key focus on the 103500 resistance level during the day. If it cannot effectively break through and stabilize, it is expected to pull back to around the 100000 level during the day. In terms of operations, it is recommended to short on rebounds and go long on pullbacks.

5.13 Short-term Bitcoin Reference:

Light short position 103500-104500, defend at 105500, stop loss: 500, target below 103800,

Long position 100000-100500, stop loss 500, defend at 98500, target above 102500,

5.13 Short-term Ethereum Reference:

Short position: 2570-2535, defend at 2850, stop loss: 50, target below 2490,

Long position, 2340-2390, stop loss 30 points, target above 2460,

The article is sent with a delay, and strategy suggestions are for reference only. Market conditions change rapidly, and regardless of how high the confidence in market judgment is, always set stop-loss and take-profit levels to secure profits.