5.14 Wednesday Night Bitcoin Analysis
During the afternoon session, Bitcoin retraced as expected, oscillating down from around 103900 to 102800. The technical indicators show that the current state is a narrow oscillation pattern near the middle track, and although the KDJ indicator is at a high level, it has not reached the overbought zone, suggesting that a consolidation trend may continue in the short term. It is important to note that there has not yet been an effective breakout signal, so it is recommended to maintain a short-selling strategy when prices are high during evening trading, while also flexibly adjusting strategies based on market dynamics.
Target range for Bitcoin is 104400-104700, aiming for the 102900 range
