May 13th, Tuesday, Bitcoin Afternoon Trading Strategy!
Bitcoin is currently experiencing some fluctuations and corrections, with an unclear direction. It is currently hovering in the range of 100,600 - 104,000. The daily closing line is crucial; if it can stabilize above the BBI line, the rebound target is set at 105,000 - 106,000. Conversely, if it breaks below the Bollinger middle line at 97,500, a deeper correction may occur.
Resistance levels: 103,000, 104,000, dependent on whether trading volume can break through.
Support levels: 101,500, 99,500; the MACD death cross signal should be considered in conjunction with the RSI.
May 13th, Tuesday Afternoon Trading Recommendations: Short position strategy at 103,000 - 104,000 with light entry, taking profits in batches at 101,500/100,500, and stop-loss at 104,500.
For short-term long positions during a pullback: If it stabilizes after falling to 101,500, a short-term long can be considered, with a target of 103,000 and stop-loss at 100,000.
Position management is very important; do not exceed 5% per trade!
