5.14 Morning Bitcoin Market Analysis, Continuing to Surge or Dropping Back
Yesterday, the Bitcoin price did not experience significant fluctuations, but ETH rose from 2450 to 2730, an increase of over 200 points, breaking through the recent high.
Behind the K-line fluctuations is a tug-of-war between emotions and rationality. How much volatility you can manage depends not on technical analysis but on how you manage your mindset.
Every stop-loss is a tuition fee for growth, and every impulse is a potential trap.
From the one-hour chart's technical indicators, Bitcoin shows a bearish trend.
After touching the upper band of the Bollinger Bands, the price retreated, operating between the middle band and the upper band, with insufficient upward momentum. The middle band support is yet to be tested; breaking below the middle band could open up downward space.
Trading Advice: Continue to take a primarily low long approach in the morning
