5.1 BTC Afternoon Thoughts
Today marks the month-end transition, and a pullback in the monthly line is expected. The key support levels are at 88600 and 85300. Those who are currently holding positions may have the chance to break even this month. In the short term, there are two possible market directions: continuing to rise or a pullback first. Currently, the bullish trend remains solid, with short-term support levels locked in at 92870 - 91630. As long as these two levels hold, a bullish outlook can be maintained.
Next, pay close attention to whether the market can break through the resistance level of 95780. If successfully breached, the upper target levels can be aimed at the range of 98600 - 99570, and those looking to short can find entry opportunities in that range. Everyone should closely monitor market changes and operate cautiously!
