5.17 Morning Bitcoin Strategy Analysis

The Bitcoin price rebounded to a high of 104524 at midnight before retracing. Currently, it is fluctuating around 103365, and the recommendation for intraday trading is to maintain a bearish strategy, 🈳 it's over!!!

In the 4-hour chart analysis, the market is forming a double bottom structure, reflecting a solid bottom support signal. However, the recent peak of the rebound has initially shown a downward trend, indicating that selling pressure from above is gradually increasing. Meanwhile, the Bollinger Bands indicator continues to show a sideways movement, indicating a lack of clear directional guidance in the short term.

Bitcoin recommendation: 104000-104500 🈳 Target 101500-101000

Investing carries risks; proceed with caution! For reference only!

Wishing everyone a happy Saturday!!! #稳定币日常支付 #币安Alpha上新 #CPI数据来袭 #加密圆桌会议要点 #代币发射平台竞争加剧 $BTC $ETH $XRP