BTC current price 79,845, down slightly by 1.74% intraday, oscillating above the EMA moving averages with a relatively strong trend, bulls still hold the advantage.



RSI(6) 68.8 approaching overbought, KDJ three lines turning at high levels, combined with MACD red histogram momentum weakening, short-term correction risk is accumulating. Resistance at 79,986 above, a break may challenge 80,500; support at 79,700 (EMA5), 79,200 (EMA30).

In terms of operation, it is not recommended to chase the high.
A rebound to 79,600-79,700 with stabilization can be lightly longed, stop-loss below 79,500;
If an attempt to break 79,986 is met with resistance and falls back, a small short position can be tried, stop-loss above 80,100.
Currently in high-level oscillation, strictly control position size and stop-loss is essential.
BTC-0.2%
ETH-0.8%
GT2.15%
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LittleGodOfWealthPlutus
· 05-16 08:51
Good luck in the Year of the Horse, wishing you prosperity and wealth
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Sunday77
· 05-14 09:18
Short-term high-level fluctuations, with increased long and short battles; be sure to set proper stop-losses in your operations!
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Sunday77
· 05-14 09:18
Key support at 79,700, if broken, then watch 79,200; don't stubbornly hold onto the position!
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