#CryptoCPIWatch BTC Analysis – May 13
The appearance of hidden selling pressure and weakening bullish momentum in the short term has led BTC to correct, just as I previously predicted. Here's my analysis for today—feel free to check it out!
On the D1 timeframe:
Yesterday's D1 candle was a bearish candle with an upper wick that swept above the highs of the two preceding candles. At the same time, trading volume increased, indicating strong selling pressure from above.
The trend structure on the D1 timeframe is still bullish, as shown by the formation of higher highs and higher lows. However, due to the strong overhead selling pressure, BTC is likely to continue correcting toward the EMA20 on the D1 timeframe before resuming its upward trend.
On the H4 timeframe:
BTC is undergoing a correction following a phase of weak bullish momentum, as I analyzed earlier. It's likely that BTC will experience one more downward move to complete the ABC corrective wave structure around the 98k–100k zone before continuing its uptrend.
Trade Idea:
Wait for BTC to correct to the EMA20 on the D1 timeframe (around the 98k–100k price zone) to enter a long position in alignment with the trend, aiming for BTC to retest the recent high.
(This article reflects my personal opinion—please consider it for reference.)
