5.11 Sunday Morning Bitcoin Analysis
Bitcoin has been continuously rising strongly recently, maintaining a high-level oscillation pattern over the weekend. From a daily chart perspective, the current uptrend remains intact.
The technical indicators show that a short-term technical adjustment may be necessary, but there is still hope for the continuation of the upward trend. With strong market buying support, the probability of breaking through the 110,000 USD mark in the future is significantly increasing.
In the evening, the target for Bitcoin is 103900-104200, aiming for the 105700 range.
