5.2 Friday Morning Bitcoin Analysis
Bitcoin started a steady upward trend since yesterday afternoon, directly breaking through the recent key resistance level of 955, reaching a high of 974, completely breaking the sideways pattern that lasted for a week. Currently, all three tracks on the chart are opening upwards simultaneously, with sufficient bullish momentum; it is too early to short now. If one wants to short, focus on the pressure range of 985-995. If the price falls below 954, consider reversing the position. The current market is in a small-scale pullback and consolidation phase, and it is advisable to patiently wait for bullish opportunities after a pullback.
Bitcoin 955-958 range for long positions, aiming for the 973 range
