5.14 Morning Bitcoin Strategy Analysis

The major coin is showing a gradual upward trend, currently returning to the range above 104000. However, the resistance zone at 105000 has yet to be broken, so there is still a possibility of pullback in the market. Before this resistance zone is effectively broken, one should avoid blindly chasing the increase.

From the daily chart analysis, yesterday's closing price rose, recovering part of the pullback from the previous day, indicating a slight recovery in bullish sentiment. The current high is approaching the prior resistance area, putting the market under pressure and in a slight consolidation state, with the market conditions gradually improving. If the price can stabilize above 104000 during the day, it is expected to break the upper resistance zone, continue the upward trend, and create new highs.

Observing the short-term four-hour chart, the Bollinger Bands are gradually converging, returning to the middle-upper track area, with reduced volatility, tending towards consolidation. Although the coin price is above the five-day and ten-day moving averages, if it can stabilize, there is still room for upward movement. However, due to strong resistance above, the short-term trend is leaning towards an increase, but operationally it is recommended to focus on short positions!

Major Coin Recommendation: 105000-106000🈳 Target 101500-100000#Strategy增持比特币 #币安Alpha上新 #本周高光时刻 #山寨币交易 #CPI数据来袭 $BTC $ETH