$BTC Facing Directional Choice
Breaking down may slide towards the 90,000 range
BTC quickly rebounded to 105,000 after hitting around 100,600. This abnormal surge was mainly driven by Trump's comments, with the momentum of the rebound far exceeding typical technical corrections (which usually struggle to break through 104,000). It is worth noting that even presidential-level calls could not break the previous high, seemingly attracting funds to take over at high levels.
The current market shows key signals: on May 13, BTC rapidly fell below the lower Bollinger Band, forming oversold tension, similar to a "bowstring effect"—the rebound after dipping to 100,600 is akin to the bowstring snapping back.
Now the price is approaching the lower Bollinger Band again, with 101,500 becoming the dividing line between bulls and bears: if it effectively breaks down, it will trigger a downward trend without resistance, targeting the 94,000 area; if it can stabilize and rebound at this level, there is hope to challenge the 106,400 pressure point after breaking through 105,000. It is recommended to closely monitor the key defense line of 101,500.
Want to double your account, want to enjoy big profits, want to successfully recoup losses
Follow closely to seize the main upward wave of the bull market!