$BTC

Daily Market Analysis in the Cryptocurrency World (5.13)

Summary:

Yesterday, $BTC mentioned that if the price remains above 100,000, there is hope to reach 106,000-108,300. Today's view remains unchanged. If 100,000 is breached, there will be a pullback on the pink daily chart. If 100,000 holds, there is still a possibility of breaking new highs. Whether we talk about 106,000, 108,300, or new highs, the first prerequisite for the rise is that it must stand above the 104,500 high; otherwise, there is still a risk of a pink daily chart pullback. So, be patient and wait for this 4-hour structure to play out. Until it plays out, the thought process is to oscillate within the 100,000-104,500 range. Today, the upper pressure is at 104,100, and the lower support is at 101,500 and 100,000. I reminded you yesterday that this is a banquet for the bulls. The various good news in the last couple of days have already tricked people into getting onboard. I've long said that those who missed out should wait patiently for the daily pullback to finish before entering, instead of chasing. Someone in the comments yesterday mentioned that I always look bearish; it’s fine to flip through my previous articles.