#山寨季何时到来 5.11 Morning Market Overview: Don't Act Rashly in the Face of Trends

Bitcoin closed with a solid bullish candle this morning, overall still in a bullish trend

Bitcoin is forming an ascending triangle, the bullish market structure is not broken, with resistance at 105000, 105784, and 106450 above, and effective support at 103746 and 102734 below; Bitcoin will either continue to rise, leading altcoins to soar, or Bitcoin will consolidate while Ethereum leads the altcoins to soar; Overall, this period belongs to the mid-bull of this halving cycle, with interest rate cuts possibly in July and December, so by the end of the year, we are in the final stages of peak escaping

The bullish structure of Bitcoin is irreversible, do not short when bearish; when Bitcoin retraces near the trend line at 103100, it’s a good entry point for long positions, with a stop at 102734 and a target of 104376, 105000; In front of the bulls, there’s no resistance to say the top and not to short, go with the trend

From the liquidation map, the bears are currently concentrated in the area of 104239-105991, as long as Bitcoin reaches 106000, the bears will almost be wiped out

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