DailyMarketUpdate 2025/05/14
📌 Today's Market Review:
🎯 $BTC mentioned on the 12th: The H1 ascending channel has currently been broken, and the H1 minor arc top has formed 2/3. The upper daily level resistance zone is pressing down, and a small pullback may come in the short term, with an expected pullback of 3.5%. Yesterday, it rebounded to the previous high of 104.8k due to positive CPI data, and we can first observe the price reaction around 103.5k.
📈 If it holds, it will form an H1 head and shoulders bottom and continue to rise.
📉 Conversely, if it breaks this support, it will form an H2 M-top, looking for support at 101.7k below.