Crypto Circle Li Ying: Is Bitcoin Finally Unable to Hold on After May 10? Countdown to the End of the Bulls? Latest Market Analysis
Crypto Circle Li Ying: Latest Market Analysis of Bitcoin on May 10
Article Published on 2025.5.10—00:50
Current Price of Bitcoin: 102800. After the trend opened, it has stretched out of shape, so let's follow the trend and keep eating. The current market trend shows that after a significant upward trend in the early stages, there is a noticeable stagnation, accompanied by a weakening of upward momentum. The appearance of the Black Three Soldiers pattern and multiple warning signals from indicators indicate that an adjustment or pullback may occur in the short term. From a short-term perspective, Li Ying believes that the market may face pressure for a consolidation or pullback. There are signs of profit-taking at high price levels, and with recent adjustment signals, it may trend towards consolidation or a slight pullback in the short term.
Li Ying suggests that given the increased risk of a short-term pullback, it is advisable to maintain a cautious attitude and wait for further market confirmation signals. For existing bull position holders, it may be wise to consider moderately reducing positions or setting profit-taking and stop-loss protections. Medium to long-term investors should pay attention to the performance of key support levels, such as around MA(120) at 84706.3, while keeping an eye on overall market trend changes and subsequent signal confirmations to make more robust decisions.
The K-line pattern of Black Three Soldiers is a typical bearish pattern, and the current market's potential downside risk has increased. Attention should be paid to the pressure near previous highs. The fast line is near the upper Bollinger Band, indicating a short-term need for adjustment or consolidation, with increased market volatility. The MACD shows an upward trend, but the shortening of the red bars indicates a weakening of upward momentum. However, the trend indicator MA: the short-term moving average continues to rise, indicating that the market is in an active upward phase, and the moving average support is strong. Therefore, Li Ying has reason to believe that the bullish trend is not yet dead, and under unchanged trends, the low long strategy remains effective, while high shorts can also start looking for entry opportunities.
Today's Li Ying Price Prediction
Long Entry Point: 101,000; Additional Long at 100,000; Stop Loss: 500 points; Target: 104,000
Short Entry Point: 104,000; Additional Short at 105,000; Stop Loss: 500 points; Target: 101,000
The above analysis is based on market data and trend analysis from the order book, and does not constitute investment advice. For the reference of family members. $BTC
