Tuesday, May 13
BTC Daily Outlook
For now, let's focus on Bitcoin. I'll just mention a few levels for ETH and Sol; the overall thinking remains the same.
BTC
I finally see signs of weakening; there is still a need for a daily pullback, even though the closing price on the early eight-day line did not end below 102300. However, the rebound momentum hasn't strengthened again. Just pay attention to a few points moving forward.
As long as today does not erase the pullback space from yesterday’s rebound, we can expect the daily pullback to continue until Thursday, focusing on the pullback levels around 100800-99300. Even if it rebounds back to 104-105, I don't think the probability of breaking the high will be very large; at most, it will start to move in a four-hour range. So those who are stuck in the lower positions should not rush.
From the four-hour perspective, the highest point reached after last night's decline did not break the mid-line of 103400. Today, we can continue to look down relying on this position as a reference. If it breaks, we can add positions near 105 and hold on. Just two words: be unafraid, just be unafraid.
ETH
Upper range 2500-2515, positions are around this range, with a stop at 30. Similar to Bitcoin, the lower range can be seen at 2410-2325.
Sol
Upper range 174-175, positions are around this range. The lower support level to watch is 165.
