5.10 Saturday Evening Bitcoin Analysis
The 4-hour chart of Bitcoin continues to oscillate under pressure near the upper Bollinger Band, testing new highs multiple times without breaking through. In the short term, it maintains a range consolidation pattern. Based on the daily closing pattern, the market may continue to oscillate repeatedly in the 105000-103000 range. Although the overall structure still leans towards a bullish accumulation, there will be multiple instances of rebounds after testing the lows. Currently, Bitcoin is hovering near the upper band, brewing. It is recommended to adopt a buy-on-dip strategy in the evening, and if it breaks below the middle band, adjustments will be necessary.
Bitcoin evening range 102900-103200 for accumulation, target 104700 range
