Morning Thoughts on May 13

The Bitcoin daily chart shows a high and then a pullback, with the price reaching a high of 105800 before facing resistance and adjusting. It is currently maintaining a middle-to-upper range consolidation without continuing the bullish trend. The 4-hour level is showing a shrinking volume consolidation pattern, with the Bollinger Bands narrowing and the price moving along a downward channel, while the MACD momentum continues to weaken. Technical formations indicate a possible retest of the lower support in the short term. If no clear reversal signals appear, it is recommended to adopt a strategy of selling high and buying low.

Trading Suggestions

Bitcoin range 103400-103700, target 102000

Altcoin range 2580-2550, target 2450