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May 5 Afternoon Analysis
BTC price surged to 81,278.2 and faced resistance, then pulled back, currently retracing to the middle Bollinger Band, with bulls and bears entering a critical juncture.
Moving Averages: MA7 and MA30 maintain a bullish alignment, supporting the system firmly, and the short-term upward trend remains intact.
Trend: The high-level consolidation is unfolding, representing healthy accumulation during the upward movement, and the larger bullish structure remains complete.
MACD bearish momentum continues to be released, with the market mainly repairing through oscillation. Trading strategies rely on support levels for buying the dip and avoiding the risk of chasing high at the top. A personal suggestion: around 81,300-81,800, with targets near 80,000-79,500 #BTC #ETH #BTC走势分析