May 19, 2025
BTC
The daily chart of Bitcoin is moving downwards. Yesterday it was able to rise so much, it was really a short liquidation. Today's price remains the same as yesterday; some positions have exited, and others are hanging at the top of the mountain. I don’t know if you still remember that last week I told you to start positioning long and medium-term near 106500. Today it reached a high of 107000. And today is Monday, the week has just changed. This type of movement of up and down, in addition to this wave of retracement breaking all forms of lower-level support, in the short term I am not optimistic about a second peak. At least a daily retracement must be completed before the market has a chance to rise, with a cycle of at least more than a week. Therefore, for the brothers who are chasing highs, if you can exit on the rebound, it is suggested to do so first. The intraday rebound pressure is 104000. At least the four-hour closing line must exceed this pressure; only then will the bullish shape be considered repaired. Before the four hours do not exceed 104000, it is not suggested to look at the market in LONG blindly. The market will continue looking near these two supports 101400-10800. Buy orders on rebound can be attempted around 101000 with a small position, carrying a good stop-loss. The logic of the trades: the main focus is on selling SHORT during the rebound, near the pressure of 10400 can be attempted with a small position.