$BTC 5.7 Morning Analysis
It was clearly indicated in the early morning that BTC's pullback is a normal technical adjustment, not a trend reversal. The price has returned to the 970 level in the morning, currently facing resistance around 975.
The daily level continues to show a small bullish candle arrangement, with the middle band of the Bollinger Bands acting as a key mid-term support, continually solidifying the price bottom line;
The 8-hour cycle shows that the upper band of the Bollinger Bands is forming strong resistance, making it increasingly difficult for short-term bulls to break upwards.
Operation Suggestions
Establish an initial short position around 977, and can add to the short position if it breaks above 985.
Targets are sequentially looking down at 968, 960, 948.
Exit if there is a significant breakout above 990.