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5.12 Tuesday, Bitcoin continues to strengthen in line with the upward trend—go long on pullbacks
Yesterday, Bitcoin (the big coin) showed a ranging movement overall. The overall volatility was not particularly large. In the early morning, it moved up again to 82,100, then met pressure and pulled back. It is now back around 87,100. After yesterday’s low-buy (long) thinking was shared, throughout the day we repeatedly participated in short-term trades, ultimately capturing more than 3,700 points of upside space. As the market keeps moving higher, the trading approach will continue to stick to the same low-buy (long) idea.
The overall price action has formed a clear upward rhythm: the lows keep getting lifted, and the highs are repeatedly refreshed. The bullish trend has already been firmly established. At the current price level, it has successfully broken through the previous suppression zone. What used to be a pressure level has directly turned into solid support, and the market’s center of gravity is steadily moving upward. There are no signs of a top and pullback on the chart. The short-term fluctuations are only normal accumulation and consolidation—not a trend reversal. The trends across all major timeframes are aligned positively. Bullish momentum is releasing continuously. Overall, the market structure looks healthy, and there is still plenty of room for further upside ahead; the entire picture is completely controlled by the bulls.
On Tuesday morning, my personal view is: buy long on Bitcoin on a pullback to 81,30-80,50, with targets in the 82,500-84,00 region. $BTC