May 7 Morning Analysis


Good morning everyone, I am Yifan. Yesterday, as I predicted, the market price directly reached around 81,100 from 82,800,
The current price is 81,280.3, operating within the upper and middle bands of the Bollinger Bands, with the channel showing an upward opening pattern, and the bullish main trend is stable. The middle band of the Bollinger Bands at 80,600.7 forms a short-term core support, and the upper band at 82,732.8 is a key resistance level; after a rally, the price slightly pulled back, which is a healthy correction in an upward trend, and the trend structure remains intact.
Short-term perspective: MACD momentum weakens combined with a price pullback, and the market is likely entering a consolidation phase to build momentum, digesting previous gains.
Yifan personally suggests that a pullback to 80,200-81,000 could be a light attempt to go long, with targets around 82,000-82,800, and if it breaks through 82,800, look for 83,500-84,500.
BTC-0.15%
ETH-1.82%
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