5.13 Morning Market Analysis: #BTC重返10万

In the early morning, Bitcoin experienced a sharp drop followed by a slow rebound, and it is now fluctuating above 102000. However, a long upper shadow was left above, indicating significant pressure, and it may continue to adjust.

From the MACD perspective, the bearish momentum is weakening, providing a chance to shift towards a bullish direction. Regarding the moving averages, EMA7 has crossed below EMA30, indicating a bearish short-term trend, but the current price is close to EMA7, which could potentially provide support.

Strategy Suggestions:

If it retraces to the 101500 - 100600 area, consider positioning for long orders;

The initial upper target is 103000 - 103700, and if stronger, it could reach 104900.

⚠️ However, be cautious: if the price breaks below the previous low, the support will fail, and it may continue to drop further; at that time, do not hesitate to exit the long position decisively!

Additionally, from a daily chart perspective, if Bitcoin undergoes a complete retracement according to the cloud indicator, it is likely to return to around the Fibonacci 0.5 level, which coincides with the upper line of the Vegas tunnel on the daily chart. The entire adjustment is expected to last about two weeks.

Overall, the current focus is on fluctuations, keep an eye on support levels and stop-loss points, and do not get too attached to the battle.