BTC analysis on May 14:
The price of Bitcoin suddenly broke out yesterday afternoon, and it rose all the way! It started to rise from the lowest level of 60750, and the highest level rose to 63450. At present, the price is running around 62600 after adjustment. Looking back at yesterday, we said that we should pay attention to the support near 60300 below, and the pressure of the small interval of 61800-62200 above was also directly broken. We need to pay attention to the positions of 64800 and 65500 above!
Trend: From the perspective of the daily level, it is the first time to step back on the lower trend line after returning to the flag-shaped interval of the daily line, and there is a daily K-line similar to the Dawn Star on the previous daily line. Coupled with the recent decline, it is also a time for a rebound! At the same time, the small level went sideways after a wave of decline, and there were multiple pin-ins, and the decline was weak and then a rebound began.
It is worth noting that: on Tuesday this week, Bao will speak, and on Wednesday and tomorrow, there will be CPI data and the Israeli-Palestinian peace talks. It is not recommended to operate contracts excessively with FOM. You can try with a light position and set a stop loss!
Points:
Pressure above: 64800, 65500
Support below: 60500, 60000
