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📊 Market Analysis | May 13, 2025
Tonight's focus: a potential breakout is brewing. The support retest strategy we outlined has hit its targets. Now, we watch for confirmation.
1️⃣ Key Support Levels for BTC & ETH
For BTC: Entry Zone 1 at 80,400, Zone 2 at 79,500. Stop loss at 79,181. Take profit target is 82,500. This is a wide target, so consider trailing your stop once in profit.
For ETH: Entry Zone 1 at 2,273, Zone 2 at 2,250. Stop loss at 2,200. Take profit target is 2,432. Again, a wider target suggests dynamic profit management.
2️⃣ Technical Breakdown & What Happened Yesterday
Yesterday, BTC tested the 80,000 level perfectly. It even dipped to 79,800 for a brief stop-run before immediately recovering. This is a classic liquidity grab.
In our previous analysis, we highlighted the M-top pattern on both the smaller and larger timeframes. After the small-timeframe breakdown below 80,000, the price instantly recovered. This is the first retest of that zone. Be aware, a second retest is still a risk. Maintain your long positions with a defensive stop, targeting a move up to 82,460.
3️⃣ Macro Context & Tonight's Outlook
Trump's visit to China has essentially finalized previously discussed terms. Without tangible improvements, expect no major catalyst from this event. Therefore, if the US market open at 9:30 PM sees a deep dip, it could present a short-term buying opportunity. The session has potential for upside volatility.
If this analysis adds value, hit like and follow. All views are personal opinions. Not financial advice. Always DYOR. 🚀
Застереження. Вміст, опублікований на OKX Orbit, надається виключно в інформаційних цілях. Докладніше
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