5.14 Wednesday Morning Bitcoin Analysis
Although the price has currently returned to the area above 104,000, the upper resistance level of 105,000 has not been broken. Therefore, there is still the possibility of a pullback under pressure. So, do not chase the price upward if this area is not broken during the day.
From a technical perspective, there are no signs of continuation in the upward movement. For short-term operations, it is advisable to enter with a short position during the day.
Short in the range of 104,500-104,800, target 103,000 range
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