5.9 Friday Morning Bitcoin Analysis

Last night, Bitcoin first dropped to 100746, then rebounded strongly, peaking at 104305 in the early morning before starting to adjust.

Currently, the market remains strong: the daily line has been continuously rising, and each pullback on the four-hour level has been very short, with prices constantly hitting new highs. The hourly line shows that after multiple retests this week, there has been a rapid rebound, forming a stepwise upward trend. It is expected that this oscillating upward trend will continue.

Bitcoin trading in the range of 102200-102500, with a target looking at the 104000 range.