5.13 Bitcoin trend analysis: Bitcoin continues to look at the callback, the callback period is more than 5 days, the first target is around 94, the second target is around 90, and the short order continues to be held (Bitcoin contract trading) Commander

Original author：比特币军长

Original source：https://www.youtube.com/embed/TVBsKmCMOqs

How is Bitcoin trending today? What is the Bitcoin forecast?

5.13 Bitcoin price today's market: Bitcoin rose to 105,863 due to large fluctuations in the news last night, and then fell to 100,678, with an overall amplitude of nearly 5%. A few days ago, I reminded everyone not to chase long positions and should place short positions at high levels. Yesterday's trend also verified the correctness of this strategy. The news side does have interference, but it is emphasized in the community that we should adhere to the technical side as the main point, and as long as the structure is not destroyed, we need not pay attention to short-term noise.

This round of decline may not be completed in one go, but a medium-term oscillation structure that lasts more than 5 days. The initial target is at the 94,000 line, but it may eventually reach 90,000, washing out all the funds that have chased too much in the middle. This kind of callback process may be complex in structure and will fluctuate back and forth, so if there is a rebound in the middle, it is not a chance to go long, but a time to continue to increase short positions. The first move has been dropped. As long as you rebound later, it will be a good point to short.

To sum up, short orders of 104700 continue to be held. If there is no short order, a short order can be opened above 103000, and the short order stop loss will be moved down to 107000.

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