【Be cautious about shorting!!! The rise has not ended in the short term!!!】
BTC 4-hour analysis 25.05.9
Current price 103350 @williamyuan
Current trend: Bullish
Market analysis:
After a strong breakout, currently approaching 105000
Resistance level is consolidating, expected to continue until May 21
Technically expected to form a bull flag pattern
Characteristics of this pattern:
Highs and lows gradually becoming lower, pay attention to observation
Important support and key signals:
Key support:
Trend support 99000
Currently in the third wave of rise, still has room for upward movement in the future
Market forecast:
Two possible scenarios in the future, need to be gradually verified
1. Stabilize above 102500 and then form an ascending triangle to continue rising
2. Bull flag pattern, consolidate and then continue to be bullish
No large-scale short signals at present
Important time nodes:
May 16, 8 AM.
May 21, 8 AM.
Due to the rapid rise of the market,
Currently entering the consolidation area of various time frames,
Need to wait patiently. Can pay attention to sector rotation.