Mr. Coin Circle: May 14 Bitcoin (BTC) Market Analysis Reference

The current price of Bitcoin is around 79300, with a daily decline of 1.46%, and a net outflow of over 100 million, indicating significant selling pressure in the short term. The daily level is testing the support of the Bollinger middle line downwards. Although the overall upward channel has not been completely broken, the MACD indicator has shown a divergence death cross, and the upward momentum is clearly diminishing, indicating that the risk of a mid-term correction is accumulating.

In the 4-hour and 2-hour cycles, a bearish trend has been established, with the price breaking below the Bollinger middle band, and the downward momentum continuing to be released, indicating a weak short-term trend. However, at the 1-hour level, the price has entered an extremely oversold range, with the RSI and KDJ indicators turning upwards from a low position, and the MACD green bars decreasing in size, indicating a demand for a technical rebound.

Overall, Bitcoin is currently in a correction phase within a mid-term upward trend. Although there is a window for a rebound in the short term due to overselling, this rebound does not change the main downward pattern. In terms of operation, short-term traders can take small positions to try going north, making quick entries and exits, and paying attention to the resistance level of 80000-80500; trend traders can wait for a rebound to key resistance levels to position for a southern move, with a focus on defending against the breakout risk above 81000. Whether moving north or south, it is essential to strictly control positions, ensure risk management, and not to regard the rebound as a reversal. Follow Mr. Coin for real-time market analysis.

May 14 Bitcoin Short-term Reference:

Go south in the 80300-81300 range, defend at 82500, stop loss at 500 points, target below 79500

Go north in the 78000-77500 range, target above 752200, stop loss at 500

Messages may be delayed, and strategy suggestions are for reference only. The market is ever-changing, and no matter how high the confidence in market judgment, profit-taking and stop-loss must be properly managed for safety.

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