Cryptocurrency Circle Liying: On May 10, Bitcoin finally can't hold on anymore? Countdown to the end of the bulls? Latest market analysis

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9 hours ago

Li Ying in the Crypto Circle: Bitcoin 5.10 Latest Market Analysis

Article Published on 2025.5.10—00:50

The current price of Bitcoin is 102,800. After the trend opened, it has stretched in a way that is no longer recognizable. Let's follow the trend and continue to consume it. Currently, the market trend shows that after a significant upward trend in the early stage, there is a clear stagnation, accompanied by a weakening of upward momentum. The appearance of the "Black Three Soldiers" pattern and multiple warning signals from various indicators suggest that there may be an adjustment or pullback in the short term. From a short-term perspective, the market may face pressure for a consolidation or pullback. There are signs of profit-taking in the high price area, and with recent adjustment signals, it may lean 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 long position holders, it may be wise to consider reducing positions moderately or setting stop-loss and take-profit protections. Medium to long-term investors should pay attention to the performance of key support levels, such as around MA(120) at 84,700, while also keeping an eye on the overall trend changes in the market and subsequent confirmation signals to make more robust decisions.

The "Black Three Soldiers" candlestick pattern is a typical bearish formation, and the current market has enhanced potential downside risks. 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 a positive upward phase, with strong moving average support. Therefore, Li Ying has reason to believe that the bullish trend is not yet over. As long as the trend remains unchanged, the low long strategy is still effective, and opportunities for high short positions can also begin to be sought.

Today's Li Ying Point Forecast

  • Long Entry Point: 101,000; Add Long at 100,000; Stop Loss: 500 points; Target: 104,000
  • Short Entry Point: 104,000; Add 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. It is for reference only. Over the past ten years, Li Ying has continuously explored and experienced hundreds of different digital assets. Throughout this process, Li Ying has experienced the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Li Ying feels a responsibility to share her insights and hopes to help others with dreams find their place in this ever-changing market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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