5.13 Empty Cut: Bitcoin's Latest Analysis and Suggestions Today

BTC/Daily Chart

On the daily level of Bitcoin, it gradually rose last week relying on the short-term 5-day moving average or 10-day moving average, and made a strong correction. It was originally thought to be good, thinking that it might cycle the trend in early March and directly rely on 59,500 to go unilaterally upward, but the performance in the past few days seems to have entered a trend of oscillating decline, but this trend is usually more common, and it is usually easy to lead retail investors to suspect that it is bearish, and continue to delay the upward trend. As long as the current 57,000 is not lost, it is still in the strong correction range. No matter how long it takes, it will eventually choose to break up.

BTC/4h chart

Bitcoin 4h level, this morning there was a wave of continuous slow decline, repeated shocks and consolidation, through a long period of brewing, to digest the downward momentum of MACD, at this time the fast line has crossed the zero axis, the fast and slow lines as a whole step below the zero axis, it is time to start brewing upward momentum, however, according to the deduction of the stop loss area below, it is concluded that the 58400 line is at the intersection of the upward channel support, if this point is lost, the price will continue to expand the range, that is, the 57000 area support, tonight we need to pay attention to this position after stabilization and then a late bottoming and pulling up.

Strategy 1: It is recommended to lightly position/go long at 58000~57500, stop loss at 57000, target at 59500~60500, break can hold $BTC $ETH $SOL