$BTC May 11 Short-term Market

The early morning market surged rapidly, which is inevitable from a technical perspective. BTC spiked to around 82,380, then quickly retreated to the 80,500 level.
There’s no need to panic; this sharp rise and fall was completely expected. In the early session, influenced by tense US-Iran geopolitical tensions, safe-haven funds flowed in, pushing Bitcoin higher to reach a peak of 82,380. But it’s clear from the chart that resistance above 82,400 is very heavy, and multiple attempts by the bulls to break through failed to hold the level.
Combined with short-term profit-taking and cashing out, the market naturally moved into a correction. So I remind everyone to be cautious of a quick rise followed by a fall. With insufficient volume and inability to stabilize, a short-term short position can be considered.

Currently, the price stabilizes around 80,500, with strong support below, and no signs of panic selling. The overall market structure remains healthy.

How should we control the market outlook moving forward? Should we go long or short?
The overall strategy remains unchanged: maintain a sideways to bullish bias, buying on dips. The short-term correction is just normal consolidation, with daily moving averages still in a bullish arrangement. MACD is above the zero line with a golden cross upward, and the larger-term upward trend remains intact.

Short-term trading references:
BTC: Buy in batches around 79,300-80,300, with the first target at 81,500.
ETH: Set long positions in the 2,280-2,320 range, aiming for 2,360. #BTC #ETH $RAVE #BTC走势分析