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On Tuesday, May 12, Bitcoin fluctuates in a high range, waiting for a breakout decision.

CN
沐长青翻仓大师
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2 days ago
AI summarizes in 5 seconds.

The Bitcoin bulls are back strong, and the upward momentum will not be limited to the 80,000 mark. Currently, there is a consolidation period, and breaking through to the 90,000s is just a matter of time. Don't think that what I'm saying now is alarmist; after some time, you won't think that way.

Yesterday, I was bullish near the bottom of around 80,300, and it rebounded to above 82,000 at its peak, with effective space for the bulls, reaching over 1,700 points, once again achieving victory.

On the four-hour level, the Bollinger Bands show an upward opening pattern, with bottom support starting to rise, and the oscillation range gradually increasing. It is evident that as long as the moving average indicators rise and the bottom is established, the price will move further upwards. Therefore, the main trend remains bullish.

It is recommended to continue to be bullish in batches around the bottom area of 80,800-80,500, with a target towards the vicinity of 82,800. If it rises, then we can continue to look towards around 83,800.

Follow the public account, the only way to relieve worries is through Jiang Wei, a treasure analysis blogger filled with emotional value, offering free trading education sharing, bringing stability and clear guidance in the restless trading market, crossing through three cycles of bull and bear markets and years of practical trading experience, proficient in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, wave theory, and other technical analyses, consolidating into personal unique insights.

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