【$btc】2025.5.16

①Has the $btc adjustment finished? Will it continue to adjust? I don’t know either, but we can set a standard. The support below, effective support, is still around 102500. If it effectively breaks below this, the adjustment will continue. If it stays around 102500 for the next couple of days, then the next step is likely to be a rally. Therefore, today's movement, especially tonight's, is quite critical.

②If the price effectively breaks below 102500, where can we look next? Even if it does break below effectively, it’s still the same saying: as long as it can come down, it's an opportunity for you. If it breaks below 102500, first look towards around 101000.

③Under what circumstances can we directly look for new highs? Basically, if it breaks through 105000, we can look for new highs. If we're aiming for new highs, first look towards 106000; the pressure here is still a bit strong.