🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
Analyst Liang Qiu: On May 13, BTC and ETH continue to take down space, attached with short-term strategies.
BTC ETH continued their layout of the three Dan strategy yesterday, with the first two Dan raising short positions and a pullback happening in the early morning. The multi-Dan entry was quite aggressive, but during the pullback, additional positions were added, leading to a significant upward movement. Timely adjustments are required as the trend shifts. BTC began to weaken after breaking the 102000 level. ETH experienced significant volatility overall, with multiple peaks and pullbacks during the early morning and early trading sessions, with rebounds from the bottoms leading to repeated fluctuations. On the daily chart, BTC ETH closed with a bearish candle after 8 AM, and consecutive bearish candles indicate a weakening trend, with upper resistance levels at 103500 and 2530 already starting to apply pressure.
On the daily MA indicator, BTC has gradually broken the 7-day moving average level of 103000, and will continue to test the support at the 100000 and 90000 levels. ETH has risen significantly in the short term, and there is some demand for retracement, but the short-term level is expected to have some recovery consolidation. Pay attention to the short-term resistance at 2500 and the level of 103500 above.
Trading suggestions BTC: short from 10.27 to 10.32, target around 10.1; ETH: short from 2465 to 2480, target around 2400. The post is time-sensitive, specifics are subject to real-time updates. #PFVS Launchpad 认购开启#